The quantity of labour inputs increases with increases in the labour force participation rate.

Question

Quizplus · Accepted Answer

The labour force participation rate refers to the proportion of the population that is either employed or actively seeking employment. As more people participate in the labour force, there is a greater quantity of labour inputs available for production, which can increase output and economic growth. Therefore, the statement is true.

The Quantity of Labour Inputs Increases with Increases in the Labour