Chapter 3R, Problem 10MCQ

To determine

The question requires us to determine the formula of the labor force in a country.

Explanation of Solution

The labor force is the sum of the employed and unemployed population in a workforce.

The people are considered employed who are already working and getting some compensation for their working hours, while the people are considered unemployed who are not working now, but actively looking for a job.

Labor force = Employed people + Unemployed people.

Therefore, a nation’s labor force is equal to the number of employed people plus the unemployed people.

Thus, option “c” is correct.