2)a. How is the labor force defined and who measures it? The U.S. Bureau of Labor Statistics (BLS) measures the labor force as people over 18 years of age who are employed and those who are actively seeking work.The U.S. Labor Commission (USLC) measures the labor force as people over 18 years of age who are employed and those who are actively seeking work.The U.S. Bureau of Labor Statistics (BLS) measures the labor force as people over 16 years of age who are employed and those who are actively seeking work.The U.S. Bureau of Employment (USBE) measures the labor force as people over 16 years of age who are employed and those who are actively seeking work. b. The unemployment rate is the number of unemployed persons divided by the labor force.proportion of the adult population looking for work.ratio of the number of working adults divided by all adults.number of adults divided by the labor force. c. If the unemployment rate increases, the size of the labor force must increase.will not change.must decrease.could increase or decrease.

We know that Total labour force = Number of employed+ Number of unemployed Unemployment rate=…

Answered: 2) a. How is the labor force defined…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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a. How is the labor force defined and who measures it?

The U.S. Bureau of Labor Statistics (BLS) measures the labor force as people over 18 years of age who are employed and those who are actively seeking work.
The U.S. Labor Commission (USLC) measures the labor force as people over 18 years of age who are employed and those who are actively seeking work.
The U.S. Bureau of Labor Statistics (BLS) measures the labor force as people over 16 years of age who are employed and those who are actively seeking work.
The U.S. Bureau of Employment (USBE) measures the labor force as people over 16 years of age who are employed and those who are actively seeking work.

b. The unemployment rate is the

number of unemployed persons divided by the labor force.
proportion of the adult population looking for work.
ratio of the number of working adults divided by all adults.
number of adults divided by the labor force.

c. If the unemployment rate increases, the size of the labor force

must increase.
will not change.
must decrease.
could increase or decrease.

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