True or false: unemployment

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   The unemployment rate divides by the labor force.

2. Statement is true

   No

   Statement

   It divides by the whole adult population.

3. Statement is true

   Yes

   Statement

   Cyclical unemployment follows the business cycle.

4. Statement is true

   No

   Statement

   Full employment means zero unemployment.

5. Statement is true

   Yes

   Statement

   People not looking for work are out of the labor force.

Instructions

Tap True or False for each statement.

Explanation