Which of the following is false?
a. People looking for full-time work who grudgingly settle for a part-time job are counted as employed, even though they are only partly employed.
b. Some people working in the underground economy could be counted in labor statistics as unemployed, while others may be counted as not in the labor force.
c. Unemployment rates can be quite different across different segments of the population, as well as varying substantially over time.
d. None of the above are false; all are true.
Question 2
Which of the following is false?
a. The unemployment rate is the number of people officially unemployed divided by the civilian labor force.
b. The labor force includes those people over the age of 14 who are either employed or unemployed.
c. Discouraged workers, who have not actively sought work for four weeks are not counted as unemployed; instead they fall out of the labor force.
d. Some people working overtime or extra jobs might be considered to be overemployed.
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