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Consider the following diagram that depicts the labor market stocks and flows. All stocks and flows are in thousands and measured as averages of monthly values from 1976 to 1991. The values in parentheses denote transition probabilities from one state to another. Choose the statement that is incorrect based on the information given in the diagram. Labour Market Stocks and Flows, 1976-1991 275 (0.03) Employed 245 Not in the labour 11,100 (0.04) force 6624 235 183 (0.27) (0.17) 190 216 (0.02) (0.03) Unemployed 1084 a) On average, the monthly probability of an unemployed individual becoming employed is 22%. b) The size of the eligible population is approximately 18.8 million. The monthly net flow from employment to out of the labor force is 30,000. The monthly gross flow from employment to unemployment is 190,000. The employment rate can be calculated as 11, 100 / (11,100+1,084). Explain why the statement you chose is incorrect