If the People Who Take Early Retirement Are Not Counted

question 68

Multiple Choice

If the people who take early retirement are not counted in the working- age population, then

• A)the labour force participation rate would be less.
• B)the labour force participation rate would be higher.
• C)the unemployment rate would be higher.
• D)the number of discouraged searchers would decrease.
• E)the unemployment rate would be lower.

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Definitions:

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Reasonable Price

A price that is fair and acceptable to both buyers and sellers, given the quality and nature of the product or service.

Services and Products

The combination of tangible goods and intangible activities that fulfill a need or want of consumers.