Asked by Sticky Mochi on Jun 29, 2024
Verified
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 old who are able to work.
D) the civilian noninstitutional adult population that is either working or looking for work.
E) the noninstitutional adult population who are graduates of high school.
Adult Population
Individuals within a society who are considered adults, typically measured by age thresholds specified by law or custom, often used in demographic analyses and policy discussions.
Labor Force
The segment of the population that is either employed or actively seeking employment; the workforce.
Civilian Noninstitutional Population
This term refers to persons 16 years of age and older residing in the United States who are not inmates of institutions (e.g., penal and mental facilities, homes for the aged) and who are not on active duty in the Armed Forces.
- Describe and differentiate between individuals categorized as employed, unemployed, discouraged workers, and those outside the labor force.
- Compute the dimensions of the workforce and its elements.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
D
Explanation :
The labor force in an economy consists of the civilian noninstitutional adult population that is either working or looking for work. This definition excludes those who are retired, under 16 years of age, over 65 years of age, and those who are not actively seeking employment. Graduating high school is not a determinant for being in the labor force.
Learning Objectives
- Describe and differentiate between individuals categorized as employed, unemployed, discouraged workers, and those outside the labor force.
- Compute the dimensions of the workforce and its elements.