Which expression MOST accurately describes how to calculate the unemployment rate?
A) (Unemployed / Population)* 100
B) (Unemployed / Employed)* 100
C) (Unemployed / Labour force)* 100
D) [(Unemployed - Employed)/ Labour force] * 100

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the labor force (which includes both employed and unemployed people actively seeking work), multiplied by 100 to express the result as a percentage. Therefore, the correct formula is (Unemployed / Labour force) * 100.

Which Expression MOST Accurately Describes How to Calculate the Unemployment