Which of the following is false?
A)To be unemployed, one must be in the labor force.
B)A retired person is unemployed.
C)The labor force is the employed plus the unemployed.
D)The unemployment rate is the number unemployed divided by the labor force.

Question

Quizplus · Accepted Answer

A retired person is not considered part of the labor force, which is defined as those who are employed or actively seeking employment. Therefore, a retired person cannot be unemployed.

Which of the Following Is False