To Be Counted as Part of the Labor Force, a Person

question 2

Multiple Choice

To be counted as part of the labor force, a person must:

• A)be less than 65 years old.
• B)have worked at some time in the past.
• C)be employed in some productive activity.
• D)be working or actively looking for work.
• E)be above 16 years of age.

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Definitions:

Creditor

An individual, financial institution, or company to whom money is owed by a debtor or borrower.

Asset

An asset represents a resource that is owned or controlled by the company with the expectation that it will provide future economic benefits.

Services

Intangible products such as consultancy, maintenance, or repair that are bought and sold in the marketplace.

Telephone Bill

A monthly statement charging an individual or company for the use of telephone services.