The table below shows select labour market data for a hypothetical economy over a six-year period.
| Year | Working-Age Population (Millions) | Employed (Millions) | Unemployed (Millions) | Economically Inactive (Millions) |
|---|---|---|---|---|
| 2018 | 40.0 | 30.0 | 1.5 | 8.5 |
| 2019 | 40.5 | 30.5 | 1.2 | 8.8 |
| 2020 | 40.5 | 29.0 | 1.8 | 9.7 |
| 2021 | 40.5 | 29.5 | 1.6 | 9.4 |
| 2022 | 41.0 | 31.0 | 1.3 | 8.7 |
| 2023 | 41.0 | 31.5 | 1.1 | 8.4 |
Which one of the following can be inferred from the data provided?
Between 2018 and 2023, the size of the active labour force (employed plus unemployed) increased continuously each year.
An increase in economic inactivity among working-age individuals is likely to cause a rightward shift of the long-run aggregate supply (LRAS) curve.
Between 2018 and 2020, the number of economically inactive individuals increased by exactly 1.2 million1.2\text{ million}1.2 million.
The unemployment rate in 2023 was higher than the unemployment rate in 2018.
