Which of the Following Statements Is Incorrect

question 90

Multiple Choice

Which of the following statements is incorrect?

• A)The labour force is equal to the number of people employed plus the number of people unemployed.
• B)The unemployment rate is the number of persons who are unemployed divided by the labour force, all multiplied by 100.
• C)The labour-force participation rate is the labour force divided by the working-age population, all multiplied by 100.
• D)The employment-to-population ratio is the number of people employed divided by the working-age population, all multiplied by 100.
• E)The involuntary part-time rate is the number of involuntary part-time workers divided by the number employed, all multiplied by 100.

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Definitions:

Excise Tax

A tax imposed on specific goods, services, or activities, often included in the price of items like gasoline, alcohol, and tobacco.

Tax Wedge

The difference between the amount a buyer pays and the amount a seller receives for a good or service due to taxation.

Sellers

Individuals or entities that offer goods or services for sale in the market.

Excise Tax

A type of tax levied on specific goods, services, or activities, often aimed at discouraging undesirable behaviors or generating revenue.