Which of the following is correct?
A) Labor force = number of employed.
B) Labor force = population - number of unemployed.
C) Unemployment Rate = number of unemployed ÷ number of employed + number of unemployed) × 100.
D) Unemployment Rate = number of unemployed ÷ adult population × 100.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force (which is the sum of employed and unemployed) multiplied by 100.

Which of the Following Is Correct