MANAGEMENT

Detailed explanation-1: -Description: The labour force participation rate is the measure to evaluate working-age population in an economy. The participation rate refers to the total number of people or individuals who are currently employed or in search of a job.

Detailed explanation-2: -The number of persons, who are actually employed at a particular time are known as work force. Workforce means the number of persons, who are actually employed at a particular time. Labour Force is the total of employed and unemployed persons.

Detailed explanation-3: -Persons “in the labor force” are those in the civilian noninstitutional population, age sixteen years or older, who are employed or who are unemployed and seeking employment.

Detailed explanation-4: -The Worker-Population ratio is defined as the number of employed people per thousand people.

Detailed explanation-5: -Yes, it is true as the labour force is the number of people who are employed plus the unemployed who are looking for work. The workforce is the total number of people actually working.