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Question : The concept of "labor force" includes:

Option 1: Employed individuals ony

Option 2: Unemployed individuals only

Option 3: Employed and unemployed individuals

Option 4: Working-age population


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Employed and unemployed individuals


Solution : The correct answer is (c) Employed and unemployed individuals

The labor force refers to the total number of individuals who are either employed or actively seeking employment. It includes both individuals who are currently employed and those who are unemployed but actively looking for work. The labor force is a key component in calculating various labor market indicators such as the unemployment rate and labor force participation rate.

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