Which of the following statements is FALSE?
◦ During a recession, the number of disheartened workers increases and this tends to reduce the unemployment rate.
◦ A low national unemployment rate does not mean that GDP is growing rapidly.
◦ If the unemployment rate is 10%, this means that on average people have been unemployed for 10% of the year.
◦ The national unemployment rate does not tell us how the burden of unemployment is distributed across the population.