Which of the Following Statements Is True About the Composition

question 95

Multiple Choice

Which of the following statements is true about the composition of the U.S. labor force in the next decade?

• A)Immigration will cease to affect the size and diversity of the workforce.
• B)The largest proportion of the labor force is expected to be in the age group of 16-24 years.
• C)The percentage of highly skilled immigrants will continue to remain lower than the percentage of low skilled immigrants.
• D)The median age of the labor force will increase to the highest number ever.
• E)The high cost of health insurance and decrease in health benefits will cause many employees to quit working.

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Definitions:

Actual Price Level

The current general price of goods and services in an economy at a particular time.

Inflation Rate

A measure of the rate at which the overall level of prices for goods and services is rising, indicating a decrease in the purchasing power of a country's currency.

Short Run

A period in economics during which at least one factor of production is considered fixed, focusing on immediate effects of changes in demand or supply.

Expansionary Gap

The amount by which actual output in the short run exceeds the economy’s potential output