The labor force participation rate is defined as the number of
a. unemployed individuals plus employed individuals divided by the number of individuals in the working-age population.
b. employed individuals divided by the number of individuals in the working-age population.
c. unemployed individuals plus employed individuals divided by the number of employed individuals.
d. employed individuals divided by the number of individuals employed plus the number of unemployed individuals.
A
You might also like to view...
Imposing trade barriers does all of the following except
A) lowers incomes. B) invites retaliation from foreign governments. C) lowers domestic prices. D) reduces economic efficiency.
Shoe leather costs are
A) the costs in time and effort incurred by people and firms who are trying to minimize their holdings of cash because of inflation. B) the costs of changing prices, such as printing and mailing catalogues. C) the costs of the redistribution of wealth between lenders and borrowers. D) the costs associated with the confusion of prices as signals.