1. Which of the following is not included in the labor force?
a. People who have full-time, but poorly paid jobs.
b. Individuals who have sizable inheritances and do not want any jobs.
c. People who work 15 hours a week.
d. 17-year-olds who do not have jobs, but are actively searching for employment.
2. Individuals who are working part time for economic reasons and would like to work full time are counted as unemployed in the traditional unemployment statistics. _________ (True/False)
3. The labor force participation rate shows the percentage of the
a. labor force that has a job.
b. labor force that is unemployed.
c. relevant population that is employed.
d. relevant population that is in the labor force