Which of the following statements is incorrect?
A) The working age population includes everyone over the age of 16.
B) The labor force is equal to the number of people employed plus the number of people unemployed.
C) The unemployment rate is the number of persons who are unemployed divided by the labor force then times 100.
D) The labor-force participation rate is the labor force divided by the working-age population then times 100.
Correct Answer:
Verified
Q13: Suppose the working age population in Tiny
Q14: Which population category equals the sum of
Q15: The labor force is the sum of
Q16: The labor force includes
A) discouraged workers.
B) both
Q17: The _equals the number of_ .
A) labor
Q19: Which of the following is NOT included
Q20: The working-age population is defined as the
Q21: The unemployment rate is defined as the
A)
Q22: The unemployment rate equals
A) labor force/working age
Q23: Using the definition of unemployment, which of
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