Which of the following statements is incorrect?
A) The labor force is equal to the number of people employed plus the number of people unemployed.
B) The working age population includes everyone over the age of 16.
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
Q2: The labor force is defined as the
Q3: The labor force includes
A) only the number
Q5: Which of the following is NOT included
Q6: Which of the following is NOT considered
Q8: Suppose the working age population in Tiny
Q9: The labor force is defined as the
A)
Q10: The _ is the total number of
Q11: The labor force is the sum of
Q17: All people in the working-age population can
Q20: The working-age population can be divided into
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