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The problem shown in the image asks to calculate the **labor force participation rate** based on the provided data.

The formula for the **labor force participation rate (LFPR)** is:

\[
\text{LFPR} = \left(\frac{\text{Labor Force}}{\text{Non-Institutional Adult Population}}\right) \times 100
\]

From the image:
- **Labor Force** = 3161
- **Non-Institutional Adult Population** = 5049

Let's calculate the labor force participation rate.The labor force participation rate is **62.61%**, rounded to the nearest hundredth.

Would you like more details or have any further questions?

Here are 5 related questions:
1. What does a labor force participation rate indicate about an economy?
2. How does unemployment factor into labor force participation?
3. What is the significance of the non-institutional adult population in these calculations?
4. How would the labor force participation rate change if more people joined the labor force?
5. What factors might cause a labor force to increase or decrease over time?

**Tip:** The labor force participation rate is a key economic indicator that reflects the active portion of the working-age population either employed or actively seeking work.

The labor force participation rate of the group below is ______ percent. (Round the answer to the nearest hundredth.)

Calculate the labor force participation rate using the formula: LFPR = (Labor Force / Non-Institutional Adult Population) × 100. Based on the provided data (Labor Force: 3161, Non-Institutional Adult Population: 5049), the labor force participation rate is 62.61%.

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