The labour force participation rate is the percentage of the working age population that is:
Correct answer: B. Employed or actively seeking employment
- A. Employed in the formal sector only
- B. Employed or actively seeking employment
- C. Receiving wages from a registered employer
- D. Working full time for at least thirty hours
Explanation
The labour force includes employed people and those actively seeking work. People who are outside the labour force, such as those not seeking employment, are excluded even if they are of working age.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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