Which one of the following statements is false?Group of answer choicesThe labour force is defined as the total number of people that are working or available and seeking to work.The labour force is defined as the total working age population.The labour force participation rate is the number of people in the labour force divided by the total working age population.The unemployment rate is the number of unemployed people divided by the total labour force.

Which of the following statements is correct regarding the labour market?Select the correct answerGroup of answer choicesemployment rate = employed ÷ labour forceparticipation rate = (employed+unemployed) ÷ (population of working age)unemployment rate = unemployed ÷ population of working ageThe number of discouraged workers is the unemployment rate

Suppose the total population in the economy is constant. An increase in the number of people unemployed at the same time that the labour force participation rises implies that Group of answer choices the number of people employed must have increased the unemployment rate must have increased there must be a reduction in the number of people not in the labour force all of the other options are correct

Which of the following represents the participation rate?Question 4Select one:a.the ratio of the labour force to the total number of employed and unemployed workersb.the ratio of the number employed to the size of the labour forcec.the ratio of the labour force to the civilian non-institutional populationd.the ratio of the employed to the civilian non-institutional population

The unemployment rate is equal to the number of unemployed persons divided by _______ x100.Group of answer choicesThe total populationThe adult populationThe labor forceNone of the above

If the number of unemployed equals 125,000 and the number of employed equals 275,000, the labor-force participation rateChoose one answer from the options below.is 31.2%is 68.8%is 75%cannot be determined from this information.