The labor force is considered to be:
A) everyone who is employed.
B) everyone who is employed plus everyone who is unemployed.
C) the population of the nation.
D) those not frictionally unemployed plus all others who are employed.

Question

Quizplus · Accepted Answer

The labor force is defined as the sum of employed and unemployed individuals who are available for and actively seeking work. Therefore, choice B is the correct answer as it includes both employed and unemployed individuals. Choice A is incorrect as it only includes those who are currently employed. Choice C is incorrect as the entire population of the nation includes individuals who may not be of working age or not interested in seeking employment. Choice D is incorrect as it only includes those not frictionally unemployed, which is a narrow subset of the labor force.

The Labor Force Is Considered to Be