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:

Population Standard Deviation

A measure of the spread of all values in a population, indicating how much the values differ from the mean of the population.

Sample

A subset of a population used for statistical analysis, selected for the purpose of making generalizations about the total population.

Estimated

An approximation or educated guess based on available data, rather than an exact measurement.

Test Statistic

A calculation, derived from sample data, used to determine the presence of a statistically significant difference between groups in hypothesis testing.