Prime Minister Bigego is running for re-election against Finance Minister Pander. Bigego proclaims that more people are working now than when he took office. Pander says that the unemployment rate is higher now than when Bigego took office. What can you conclude?
A) Both of them could be telling the truth if the labour-force participation rate and the labour force both grew.
B) Both of them could be telling the truth if the labour-force participation rate and the labour force both fell.
C) Both of them could be telling the truth if the labour force grew slower than employment.
D) Both of them could be telling the truth if the labour force grew faster than employment.
Correct Answer:
Verified
Q22: How is the labour-force participation rate defined?
A)
Q23: How is the unemployment rate computed?
A) as
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