Which of the Following Equations Is Correct

question 55

Multiple Choice

Which of the following equations is correct?

• A) Labour force = Population - Labour not in the labour force
• B) Labour force = Population - Number of unemployed
• C) Labour force = Number of employed + Number of unemployed
• D) Labour force = Adult population - Number of unemployed

---

Definitions:

Personal Income Tax

A tax levied by the government on individuals’ income, including wages, salaries, and investment returns.

Defense Spending

Spending by the government on military and defense activities, covering wages, machinery, research, and innovation.

Federal Government Spending

Expenditures by the national government on goods, services, and programs, including defense, education, and social security.

Foreign Aid

Financial or material assistance given by one country to another for relief, development projects, or economic stabilization.