Multiple Choice
Which of the following statements is incorrect?
A) The working age population includes everyone over the age of 16.
B) The labor force is equal to the number of people employed plus the number of people unemployed.
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
Correct Answer:
Verified
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