Which among the following categories is/are taken into consideration while calculating Labour Force Participation Rate (LFPR)? 1.People b/w age of 18 to 60 years 2. Housewives 3. Unemployed, willing to work and actively looking for a job.Select the correct answer from the codes given below: |ForumIAS

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Q. Which among the following categories is/are taken into consideration while calculating Labour Force Participation Rate (LFPR)?
1.People b/w age of 18 to 60 years
2.Housewives
3.Unemployed, willing to work and actively looking for a job.
Select the correct answer from the codes given below:

[A] 1 only

[B] 1 and 2 only

[C] 3 only

[D] 2 and 3 only

Answer: C

Notes:

The labour force participation rate is the percentage of the working population aged 16 to 64 that are currently employed or looking for work in the economy. Anybody who is still in school, housewives, and people over the age of 64 are excluded from the labour force.

Source: Article

Q. Which among the following categories is/are taken into consideration while calculating Labour Force Participation Rate (LFPR)? 1.People b/w age of 18 to 60 years 2.Housewives 3.Unemployed, willing to work and actively looking for a job.Select the correct answer from the codes given below:

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS

Q. Which among the following categories is/are taken into consideration while calculating Labour Force Participation Rate (LFPR)?
1.People b/w age of 18 to 60 years
2.Housewives
3.Unemployed, willing to work and actively looking for a job.
Select the correct answer from the codes given below: