The Following Are Groups of Individuals in the Population

question 3

Multiple Choice

The following are groups of individuals in the population:
1. Individuals who are under 16
2. Individuals in institutional care
3. Individual in the armed forces
4. Individuals working for pay at a fulltime job
5. Individuals who are employed
6. Individuals not employed but were available for work and were looking for work
7. Individuals not employed and looking for work
Using the table above, the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1, 2, and 3 as

• A)unemployed.
• B)employed.
• C)the working-age population.
• D)the labor force.
• E)discouraged workers.

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Definitions:

Plant Asset

Physical assets with a long lifespan that are employed in business operations without the purpose of being sold, including equipment and structures.

Useful Life

The duration during which an asset is expected to be usable for its intended purpose.

Salvage Value

The projected remaining value of an asset following its operational lifespan, once depreciation or amortization has been taken into account.

Recoverable Ore

The portion of ore that can be economically and technically extracted or produced at a profit.