The labor force participation rate equals the
A) (labor force divided by the number of people not in the labor force) 100.
B) (number of employed divided by the labor force) 100.
C) (labor force divided by working-age population) 100.
D) (labor force divided by the total population) 100.
Question 2
Consider the following economic agents:
a. the government
b. consumers
c. producers
Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy?
A) consumers
B) consumers and producers
C) producers
D) the government
E) the government, consumers, and producers
Child Labor Rates and GDP Worldwide
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