Concept of Labour Force - SS1 Economics Past Questions & Answers - page 1

1

Who is considered part of the labour force?

A

Individuals who are currently working

B

Individuals who are currently studying

 

C

Individuals who are retired

D

a and b

CORRECT OPTION: a
2

What is the difference between unemployment and not being in the labour force?

A

There is no difference

B

Individuals who are unemployed are actively seeking work, while those not in the labour force are not

C

Individuals who are not in the labour force are actively seeking work, while those who are unemployed are not

 

D

Unemployment refers only to people who have been laid off from their jobs

CORRECT OPTION: b
3

Which of the following is an example of someone who is not considered part of the labour force?

A

A stay-at-home parent

B

A student who is also working part-time

 

C

A retiree who is collecting a pension

D

a and c

CORRECT OPTION: d
4

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.

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