Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
labor force
B
population
C
employed individuals
D
job vacancies
Understanding the Answer
Let's break down why this is correct
Answer
The unemployment rate is calculated by dividing the number of unemployed individuals by the total labor force, which includes both employed and unemployed people who are actively looking for work. For example, if there are 10 unemployed people and 90 people who are employed, the total labor force is 100. To find the unemployment rate, you would divide 10 by 100, which equals 0. 1. Then, you multiply 0.
Detailed Explanation
The labor force includes everyone who is working or looking for work. Other options are incorrect because Some might think the whole population matters; This option confuses the idea of who is unemployed.
Key Concepts
Unemployment Rate Calculation
Labor Force Participation
Economic Indicators
Topic
Calculating Unemployment Rate
Difficulty
medium level question
Cognitive Level
understand
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