O Levels Economics (2281)•2281/12/M/J/25

Explanation
Labor Force Participation Rate
Steps:
- Identify working-age population as people aged 15-64 eligible to work.
- Define labor force as those employed or actively seeking employment.
- Compute participation rate as (labor force / working-age population) × 100.
- Recognize typical global or national rate from economic data.
Why C is correct:
- Economic definitions show the labor force participation rate for working-age adults averages around 80% in many developed economies, per standard labor statistics.
Why the others are wrong:
- A: 30% underestimates; it ignores most employable adults actively working or job-hunting.
- B: 70% is too low for full participation; it fits older data but not current norms.
- D: 90% overestimates; it assumes near-universal involvement, excluding students, retirees, and discouraged workers.
Final answer: C
Topic: Employment and unemployment
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