Question

The sum of all individuals who are employed and all individuals who are unemployed is

a. the unemployment rate.
b. the economic productivity level.
c. the labor force.
d. the work ratio.

Answer 1

The correct answer is letter C. the labor force. The sum of all individuals who are employed and all individuals who are unemployed is called labor force. The labor force is the total of unemployed and employed persons. The participation rate is the labor force as a percent of the civilian non-institutional population.