Practicing Success
The amount of people that are unemployed is determined as = Labor Force - ______. Which of the following options suits best in the above blank? |
Workforce Supply of labor Participation Rate Total population |
Workforce |
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. |