Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Employment - Growth, Informalisation and Other Issues

Question:
The amount of people that are unemployed is determined as = Labor Force - ______.
Which of the following options suits best in the above blank?
Options:
Workforce
Supply of labor
Participation Rate
Total population
Correct Answer:
Workforce
Explanation:
Labour force includes all those people who are working and though not working but are seeking work. Workforce refers to the number of people working. So, if we subtract workforce ( people who are working) from the labour force, we will get unemployed people.