- Labour Force = Number of employed people + Number of unemployed people (seeking work). - Working Age Population = Total population within the specified age range (e.g., 15-64 years). - LFPR = (Labour Force / Working Age Population) 100. - Option B's numerator "employed and willing to work" is the closest representation of the Labour Force among the given options. "Willing to work" in this context typically includes both the employed and the unemployed who are seeking employment.
Labour force participation rate is defined as the
Asked in JPSC CS Prelims 2024 · Topic: Nature of Indian Economy (Demographic Profile and its Economic Implications)
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Answer: B. ratio of employed and willing to work to working age population
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