The labour force participation rate gives the fraction of the population (P) that is in the labour…
The labour force participation rate expressed as a fraction is LF/P, where LF includes employed and unemployed persons in the labour force. E/P is the employment-population…
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The labour force participation rate gives the fraction of the population (P) that is in the labour force and is defined by (U = unemployment; E = number of persons employed; LF = labour force):
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Correct answer B
The labour force participation rate expressed as a fraction is LF/P, where LF includes employed and unemployed persons in the labour force. E/P is the employment-population ratio, which excludes unemployed labour-force participants from the numerator.
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Tamil Nadu SET (TNSET)