Suppose the total population in the economy is constant. Suppose there is a decrease in the unemployment rate. Then it must be the case that Group of answer choices the number of employed people in the economy must increase None of the other options is correct the number of people in the labour force decreases the number of unemployed people in the economy declines

The unemployment rate is equal to the number of unemployed persons divided by _______ x100.Group of answer choicesThe total populationThe adult populationThe labor forceNone of the above

Which of the following statements is correct regarding the labour market?Select the correct answerGroup of answer choicesemployment rate = employed ÷ labour forceparticipation rate = (employed+unemployed) ÷ (population of working age)unemployment rate = unemployed ÷ population of working ageThe number of discouraged workers is the unemployment rate

An decrease in the minimum wage will tend to cause which of the following?Group of answer choicesAn increase in the quantity demanded of laborAn increase in the number of workers employedAn increase in the quantity supplied of laborA reduction in poverty

Suppose there are 200 million people in the population, 120 million people in the labor force, and 90 million people are employed. The number of people unemployed is ____________ million and the unemployment rate is __________%.Group of answer choices30; 2530; 3330; 580; 40

In a given country, the total labor force population is 5,000,000, the number of employed people is 4,200,000, and the number of people looking for work but not finding it for the time being is 800,000. Please calculate the unemployment rate of the country.