The 'Labour Force' Is the Sum Of

question 58

Multiple Choice

The 'labour force' is the sum of:

• A)employed workers and unemployed workers.
• B)employed workers and individuals not looking for work.
• C)employed workers and the working-age population.
• D)unemployed workers and the working-age population.

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Definitions:

Price of the Good

The amount of money required to purchase a specific product or service in the market.

Resources Used

This term encompasses all the inputs, including labor, capital, and natural resources, utilized in the production of goods and services.

Tax on Milk

A specific fiscal policy imposing a financial charge on the sale or consumption of milk.

Household Income

The combined income of all members of a household, often used as a measure of the economic status of the household.