Which Two of the Following Are Economically Active Individuals

question 19

Multiple Choice

Which two of the following are economically active individuals?

• A) People of working age, not seeking work
• B) Unemployed people, not actively seeking work
• C) People who are employed
• D) Unemployed people, actively seeking work

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Definitions:

Net Income

Net income is the total earnings or profit a company makes after deducting all its expenses, including taxes, interests, and depreciation.

Gross Profit

The difference between total revenue and the cost of goods sold, representing the profitability of a company's core activities before overhead.

Operating Expenses

The costs associated with the day-to-day operations of a business, excluding the cost of goods sold.