Final answer:
The term "applicant population" is broader than just those seeking jobs in the same area; it includes all who are actively looking for work, haven't earned income recently, and are able to work.
Step-by-step explanation:
The term "applicant population" does not simply refer to all individuals looking for a job in the same geographic area. Instead, it generally encompasses a broader group of individuals who are actively looking for work, who have not earned income from a job in the past four weeks, and who are ready, willing, and able to work. This definition is more aligned with the concept of the labor force or the pool of potential applicants for a particular type of job, rather than being restricted to a geographic area or encompassing all job seekers in one location.