Economists Define the Labor Force to Include

question 33

Multiple Choice

Economists define the labor force to include

• A) only people who are working full time.
• B) people who are working.
• C) people who are not working but are actively looking for a job, and people who are working.
• D) all individuals of working age, regardless of whether they are working or looking for a job.

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Definitions:

Balance Sheet

A report that lists a business's assets, obligations, and the equity of its shareholders on a specific date.

Property, Plant, and Equipment

The tangible long-lived assets used in the operations of a business, including land, buildings, machinery, and equipment.

Current Assets

Assets that a company expects to convert into cash or use up within one year or during its normal operating cycle, whichever is longer.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific period.