Which statement is TRUE?
A) The number of people not working but who have looked for work in the past year is equal to the number of unemployed people.
B) The labor force is the total number of people working plus those who are unemployed.
C) The unemployment rate is the number of people unemployed expressed as a percentage of the population.
D) The labor force is the same as the population.

Question

Quizplus · Accepted Answer

The labor force includes all people who are either working or are unemployed but looking for work. This does not include people who are not actively looking for work or are unable to work.

Which Statement Is TRUE