Econ 104 Chapter 24 Supplemental Assignment 2.docx - Econ 104 Chapter 24 Supplemental Assignment Name_YIxuan Wang Part 1 Define the following terms Note

Econ 104 Chapter 24 Supplemental Assignment 2.docx - Econ...

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Econ 104 Chapter 24 Supplemental Assignment Name:____YIxuan Wang________ Part 1: Define the following terms. Note, they go from broadest to most narrowly defined. Your defini- tion should explain who is excluded compared to previous measures. Civilian noninstitutional population : Civilian noninstitutional population is defined as persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions, and who are not on active duty in the Armed Civilian Labor Force : Civilian Labor Force is the sum of civilian employment and civilian unemployment. These individuals are civilians (not members of the Armed Services) who are age 16 years or older, and are not in institutions such as prisons, mental hospitals, or nursing homes. Employed : The Labour Force Survey (LFS) defines an employed person as anyone aged 16, or over, who has com- pleted at least one hour of work in the period being measured, or are temporarily away from his or her job, such as being on holiday.
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