Answer:
80 %
Explanation:
Given that,
Labor force = Employed people + Unemployed people
= 320,000
Total population 16 years of age or older = 400,000
Therefore, the labor force participation rate is as follows:
= (Labor force ÷ Population of 16 years of age or older) × 100
= (320,000 ÷ 400,000) × 100
= 80 %
