The Labor Force Does Not Include People in the Working-Age

question 123

Multiple Choice

The labor force does not include people in the working-age population who are:

• A) employed.
• B) not actively trying to find a job.
• C) retired, a full-time student, or stay-at-home parent.
• D) employed part time.

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Definitions:

Capital Deepening

The increase in the amount of capital per worker, leading to higher productivity and possibly higher wages.

U.S. GDP Per Capita

A measure that divides the Gross Domestic Product of the United States by its total population, indicating the average economic output per person.

Average Rate

The mean value calculated by dividing the sum of rates by the number of rates, often used in finance to determine interest rates or growth rates.

Percent

Percent is a mathematical term describing a fractional number out of 100, used to denote proportions, rates, or comparisons.