Which group counts as part of the working age population but not in the labor force?

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Prepare for UCF's ECO2013 Principles of Macroeconomics Exam 3. Study smart with flashcards, multiple choice questions, and detailed explanations. Get exam-ready today!

The working-age population includes individuals aged 16 and older who are not institutionalized, but not everyone in this group is actively participating in the labor force. Those counted as part of the working-age population but not included in the labor force consist of various groups that indicate people who are not seeking employment or are not available for work.

Students typically fall into this category because, while they may be of working age, many are focused on their studies and not actively looking for jobs. Retired individuals are also part of the working-age population, yet they are not part of the labor force since they have exited the workforce. Stay-at-home parents, who choose to devote their time to raising children instead of working outside the home, similarly are counted in the working-age population but do not count as part of the workforce.

Thus, all these groups—students, retired individuals, and stay-at-home parents—illustrate examples of the working-age population that do not participate in the labor market, leading to the conclusion that all of the groups mentioned fit the criteria.