-The Labor Force Participation Rate Shows the Percentage of
A)

question 174

Multiple Choice

$$\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Not working } \\\text { and looking for } \\\text { work (millions) }\end{array} & \begin{array} { c } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$
-The labor force participation rate shows the percentage of

• A) people not working, but who want to work.
• B) non-institutionalized working-age people who are actually working or seeking employment.
• C) people who are not actively participating in meaningful economic activity.
• D) new entrants into the labor force.

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Definitions:

Economic Efficiency

A state where resources are allocated in a way that maximizes the production of goods and services while minimizing waste and inefficiencies.

Fundamental Questions

Basic economic questions that include what to produce, how to produce, and for whom to produce, reflecting scarcity and resource allocation.

Market Economy

An economic system in which supply and demand determine the production and allocation of resources through decentralized decision-making.