Which of the following statements is incorrect?
A)Job losers typically account for 50 to 60 percent of the unemployed.
B)Unemployment rates in the United States during the Great Depression exceeded 50 percent.
C)The labor force participation rate is the percentage of the population that is in the labor force.
D)The increase in the labor force participation rate since 1950 can be partly attributed to the entry of baby boomers into the labor force.

Question

Quizplus · Accepted Answer

Unemployment rates during the Great Depression did not exceed 50 percent. The highest unemployment rate during the Great Depression was around 25 percent.

Which of the Following Statements Is Incorrect