Canadian Securities Course (CSC) Level 1 Practice Exam

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What is the participation rate formula?

(Working age population / Labour force) x 100
(Labour force / Working age population) x 100
(Labour force / Population) x 100
(Working age population / Population) x 100

The correct answer is: (Labour force / Working age population) x 100

The correct participation rate formula is based on the relationship between the labour force and the working age population. The participation rate measures the percentage of the working age population that is either employed or actively seeking employment. Therefore, the formula is framed as the labour force divided by the working age population, multiplied by 100 to express it as a percentage. This formula effectively captures the extent to which individuals within the working age bracket are engaged in the labor market, thereby providing insight into the economic activity levels of a population. Recognizing the importance of the working age population allows for a more comprehensive understanding of the potential labor supply in the economy. This participation rate is a critical indicator used in employment assessments and economic analysis. The other options do not convey the correct relationship necessary for calculating the participation rate, as they either use incorrect denominators or numerators that do not reflect the definition of the participation rate.