question archive The official unemployment rate is: a
The official unemployment rate is: a
Subject:EconomicsPrice:2.88 Bought3
The official unemployment rate is:
a. the number of unemployed people divided by the size of the non-institutionalized population
b. the number of unemployed people divided by the size of the non-institutionalized population, age 16 or older
c. the number of unemployed people divided by the size of the labor force
d. the number of unemployed people divided by the total size of the population
e. the number of unemployed people divided by the number of employed people
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The correct answer is (C)
The official unemployment rate refers to the number of unemployed people divided by the labor force's size. When calculating the unemployment rate, it is done by dividing the total number of individuals who are not employed by the entire or total number of the labor force.
