The Size of the Labor Force Is

question 268

Multiple Choice

The size of the labor force is

• A)equal to the size of the population.
• B)less than the number of employed workers if the number of unemployed workers is small enough.
• C)less than the number of unemployed workers if the number of employed workers is small enough.
• D)greater than the number of employed workers as long as there are some unemployed workers.
• E)equal to the working-age population.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.