Full-time homemakers and retirees are classified in the BLS data as:

According to this Application, one explanation for the decline in the U.S. labor force participation rate since 1999 is

A) the increase in immigration to the United States. B) the increase in outsourcing by U.S. companies. C) the decline in the overall population. D) the increasing number of retiring baby boomers.

Measured distributions of wealth that do not consider the role of human capital

A) are more equal than the distribution of income. B) overstate the inequality in wealth distribution. C) are more equal than the distribution of consumption. D) understate the inequality in wealth distribution.