The labor force participation rate is the percentage of the labor force that is actually participating or employed.
Answer the following statement true (T) or false (F)
False
The labor force participation rate is the number of employed workers plus the number of unemployed workers divided by the total population, multiplied by 100.
You might also like to view...
What is cyclical unemployment?
What will be an ideal response?
Cindy's Sweaters' production function is shown in the above table. What is the marginal product of labor when the 4th worker is hired?
A) 4 sweaters per day B) 2 sweaters per day C) 20 sweaters per day D) 5 sweaters per day
In terms of unemployment, hysteresis models try to explain why
a. cyclical unemployment is always present. b. structural unemployment cannot be eradicated. c. high unemployment persists even after its initial cause is long past. d. frictional unemployment is the cause of hysteresis.
The U.S. legal system mainly engages in activities that
A) are dedicated to producing private goods. B) focus on income redistribution. C) involve defining and protecting property rights. D) focus on producing public goods.