The labour force is
A) the sum of the employed and unemployed workers in an economy.
B) the total number of people in an economy who are over the age of 16.
C) the total number of employed people in an economy.
D) the percentage of employed people divided by the population.

Question

Quizplus · Accepted Answer

The labour force is defined as the sum of employed and unemployed workers in an economy. This includes people who are currently working and those who are seeking employment but have not yet found a job. Option B is incorrect as it includes all people over the age of 16, including those who are not looking for work such as retirees or students. Option C is incorrect as it only includes employed workers and excludes those who are unemployed but actively seeking work. Option D is incorrect as it refers to a calculated percentage rather than the actual number of people in the labour force.

The Labour Force Is