Jill Does Not Currently Have a Job, but Has Applied

question 352

Multiple Choice

Jill does not currently have a job, but has applied for several jobs in the previous week. Ken is an unpaid stay-at-home dad who has not searched for work in recent years. Who does the BLS count as out of the labor force?

• A)Jill but not Ken
• B)Ken but not Jill
• C)Jill and Ken
• D)neither Jill nor Ken

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Definitions:

Nonoperating Income

Income that a company makes from activities not related to its core business operations, such as investment income or profits from the sale of assets.

Operating Expenses

These are the costs associated with the day-to-day operations of a business, excluding the cost of goods sold.

Income from Operations

Revenue generated from a company's primary business activities, minus operating expenses like wages and cost of goods sold.

Net Sales

Sales income a company retains after accounting for returns, allowances for damaged or missing merchandise, and discounts.