Suppose the population is 220 million people, the labor force is ...

[rayancarla1]

Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the labor force participation rate?
 
  A) 0.68 percent
  B) 68 percent
  C) 85.7 percent
  D) 86.7 percent

Question 2

In the national income accounts, the purchase of a new house counts as
 
  A) consumption expenditure.
  B) investment.
  C) a transfer.
  D) an addition to inventory.

[upturnedfurball]

Answer to Question 1

C

Answer to Question 2

B