Consider an economy made up of 100 people,60 of whom hold jobs,10 of whom are looking for work and 15 of whom are retired.The number of people in the civilian labour force is:

Question

Quizplus · Accepted Answer

The civilian labor force includes those who are employed and those who are actively seeking work. Therefore, the civilian labor force in this economy is made up of the 60 employed people and the 10 people who are looking for work, giving a total of 70 people in the civilian labor force.

Consider an Economy Made Up of 100 People,60 of Whom