The labor force consists of all
A)the people in the economy who are not retired
B)people in the economy over 16 years of age
C)the adults in the economy between 18 and 65 years old who are able to work
D)the noninstitutionalized population over 16 in the economy who hold jobs or are looking for them
E)the citizens in the economy who are graduates of high school

Question

Quizplus · Accepted Answer

The labor force is defined as the noninstitutionalized population over 16 in the economy who hold jobs or are looking for them. Thus, choice D is the correct answer as it encompasses both employed and unemployed individuals who are able and willing to work. Choices A, B, C, and E are not accurate definitions of the labor force.

The Labor Force Consists of All