Which of the Following Equations Is Correct

question 201

Multiple Choice

Which of the following equations is correct?

• A) Adults not in the labor force = Unemployed − Employed
• B) Adults not in the labor force = Labor force − Unemployed
• C) Adults not in the labor force = Potential adult workers
• D) Adults not in the labor force = Potential adult workers − Labor force

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Definitions:

Production Possibilities

The different mixes of products and services that a country can generate considering its accessible resources and current technology.

Total Output

The complete quantity of goods or services produced by a firm, industry, or economy within a specified period.

World-Market Price

The internationally agreed-upon price of a commodity, product, or service, influenced by global supply and demand.

International Trade

The trading of goods and services across national borders.