Which of the following statements is incorrect?
A) The labour force is equal to the number of people employed plus the number of people unemployed.
B) The unemployment rate is the number of persons who are unemployed divided by the labour force, all multiplied by 100.
C) The labour-force participation rate is the labour force divided by the working-age population, all multiplied by 100.
D) The employment-to-population ratio is the number of people employed divided by the working-age population, all multiplied by 100.
E) The involuntary part-time rate is the number of involuntary part-time workers divided by the number employed, all multiplied by 100.
Correct Answer:
Verified
Q21: R4 is
A)long- term unemployment.
B)the official unemployment rate.
C)comparable
Q23: The employment-to-population ratio is
A)the percentage of the
Q25: In a country with a working-age population
Q29: If the labour force participation rate is
Q30: Which of the following pieces of information
Q30: In a country with a working-age population
Q31: R2 is
A)long- term unemployment.
B)the official unemployment rate.
C)comparable
Q31: Which of the following are not included
Q32: R1 is
A)long-term unemployment.
B)the official unemployment rate.
C)comparable to
Q33: In a recession, typically
A)unemployment decreases.
B)the labour force
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