The number of worker-hours available in an economy is determined by the following, except
A) size of the labor force.
B) length of the average workweek.
C) unemployment rate of the workforce.
D) labor force participation rate.

Question

Quizplus · Accepted Answer

While the unemployment rate directly affects the number of employed worker-hours, it does not directly affect the total number of worker-hours available in an economy. The number of worker-hours available is primarily determined by the size of the labor force and the length of the average workweek, both of which can be affected by the labor force participation rate.

The Number of Worker-Hours Available in an Economy Is Determined