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Author Question: The labor force participation rate is the (Read 51 times)

Starlight

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Question 1

Which of the following statements is 
true?


◦ The unemployment rate does not tell us anything about the duration of unemployment.
◦ The duration of unemployment decreases during recessions.
◦ The duration of unemployment increases during economic expansions.
◦ The median duration of unemployment is usually greater than the average duration.

Question 2

The labor force participation rate is the


◦ total number of people who are participating in the labor force.
◦ ratio of the number of employed people to the number of unemployed people.
◦ ratio of the labor force to the total population 16 years old or older.
◦ the number of people in the labor force minus the number of people who are unemployed.


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Marked as best answer by Starlight on Apr 19, 2019

ansleighelindsey

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Reply #1 on: Apr 19, 2019
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Starlight

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Reply #2 on: Apr 19, 2019
Excellent



ansleighelindsey

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D



 

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