To calculate the unemployment rate, which of the following are necessary pieces of information?
I. The number of unemployed persons
II. The population
III. The number of people in the labour force
IV. The working- age population
A) I and IV
B) I and II
C) I and III
D) I, II III and IV
Correct Answer:
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A)understates inflation.
B)overstates
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I.occurs only when there
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A)natural unemployment rate
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