The Labor Force Is the Total

question 22

Multiple Choice

The labor force is the total:

• A) number of people employed.
• B) population.
• C) number of people in the population of working age.
• D) number of people who are employed or unemployed.

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Definitions:

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, typically placing a heavier burden on wealthier individuals.

Benefits-Received Principle

A tax theory stating that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.

Government Expenditures

The total amount spent by the government on goods, services, and public projects.

Households

Economic entities (of one or more persons occupying a housing unit) that provide resources to the economy and use the income received to purchase goods and services that satisfy economic wants.