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
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.
Question : The "Labor Force Participation Rate" (LFPR) measures the:
Option 1: Percentage of employed individuals in the working-age population
Option 2: Percentage of unemployed individuals in the working-age population
Option 3: Percentage of employed individuals in the total population
Option 4: Percentage of unemployed individuals in the total population
Question : The Labor Force Participation Rate (LFPR) is calculated as the percentage of:
Option 1: Employed individuals in the working-age population
Option 2: Unemployed individuals in the working-age population
Option 3: Employed individuals in the total population
Option 4: Unemployed individuals in the total population
Question : The "dependency ratio" refers to the ratio of:
Option 1: Employed individuals to unemployed individuals
Option 2: Working-age population to dependent population
Option 3: Labor force to working-age population
Option 4: Urban population to rural population
Question : The term "unemployment rate" is defined as the number of unemployed individuals divided by the:
Option 1: Total population
Option 2: Labor force
Option 3: Working-age population
Option 4: Employed population
Question : The unemployment rate is calculated as the percentage of:
Option 1: Unemployed individuals in the working-age population
Option 2: Employed individuals in the working-age population
Option 3: Unemployed individuals in the total population
Option 4: Employed individuals in the total population
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