Question

Economics The participation rate is the number of people in the labor force divided by the civilian population (excludes military). Let $L\left(x\right)$ represent the size of the labor force in year x and $P\left(x\right)$represent the civilian population in year x. Determine a function that represents the participation rate $R$as a function of x.

Short answer

A function that represents the participation rate $R$ as a function of $x$is $R\left(x\right)=\frac{L\left(x\right)}{P\left(x\right)}$.

Step-by-step solution

Step 1. Given Information

Economics The participation rate is the number of people in the labor force divided by the civilian population (excludes military). Let $L\left(x\right)$ represent the size of the labor force in year x and $P\left(x\right)$represent the civilian population in year x. Determine a function that represents the participation rate $R$ as a function ofx.

Step 2. L(x)represent the size of the labor force in yearx.P(x) represent the civilian population in year x.

A function that represents the participation rate $R$as a function of $x$.

$R\left(x\right)=\frac{L\left(x\right)}{P\left(x\right)}$