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
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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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