The Labor Force Is Defined as

question 57

Multiple Choice

The labor force is defined as

• A)the sum of the employed and unemployed.
• B)the total number employed.
• C)the total number of working age individuals in the population.
• D)the sum of the number of employed, unemployed and discouraged individuals.

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Definitions:

Time-series Graph

is a visual representation of data points ordered in time, typically shown on a graph with the x-axis representing time and the y-axis representing the variable of interest.

Variable

In economics, it refers to any quantity that can change or vary within a model or equation, impacting outcomes.

Time

A continuous, irreversible progression through past, present, and future, which is a fundamental dimension in which events occur in sequence.

Y-axis

The vertical line on a graph or chart, typically used to represent the range of a dependent variable.