The labor force in an economy consists of all _____
A) the people in the economy who are not retired.
B) the people in the economy over 16 years of age.
C) the adults in the economy between 18 and 65 years of age who are able to work.
D) civilian noninstitutional adult population older who are either working or looking for work.
E) the noninstitutional adult population who are graduates of high school.

Question

Quizplus · Accepted Answer

The labor force in an economy consists of all civilian noninstitutional adult population older who are either working or looking for work. This includes individuals who are currently employed, as well as those who are actively seeking employment. Retirees, individuals under the age of 16, and those who are not actively seeking employment are not considered part of the labor force. High school graduation status is also not a determining factor in defining the labor force.

The Labor Force in an Economy Consists of All _____