Concept of Labour Force - SS1 Economics Past Questions and Answers - page 1
Who is considered part of the labour force?
Individuals who are currently working
Individuals who are currently studying
Individuals who are retired
a and b
What is the difference between unemployment and not being in the labour force?
There is no difference
Individuals who are unemployed are actively seeking work, while those not in the labour force are not
Individuals who are not in the labour force are actively seeking work, while those who are unemployed are not
Unemployment refers only to people who have been laid off from their jobs
Which of the following is an example of someone who is not considered part of the labour force?
A stay-at-home parent
A student who is also working part-time
A retiree who is collecting a pension
a and c
What is the definition of the labour force?
Labour force refers to the group of people within a population who are either employed or actively seeking employment.