Who Would Be Included in the Labor Force

question 361

Multiple Choice

Who would be included in the labor force?

• A)Homer, who is waiting for his new job to start
• B)Michelle, who has become discouraged looking for a job and has quit looking
• C)Derrick, an unpaid homemaker
• D)None of the above would be included in the labor force.

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Definitions:

Interest Rates

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

U.S. Trade Deficits

occur when the total value of goods and services the United States imports exceeds the value of what it exports.

Government Bonds

Securities issued by a government to raise funds from the public to finance its expenditure.

Government Spending Crowding Out

A situation where increased government spending leads to a reduction in private sector spending, either because of higher interest rates or because funds available for private investments are used for government projects.