Question on: SS1 Economics - Concept of Labour Force

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

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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

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Correct Option: B

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