The unemployment rate equals 100 times the number of
A) unemployed workers divided by the number of employed workers.
B) unemployed workers divided by the labor force.
C) unemployed workers divided by the population.
D) unemployed workers.

Question

Quizplus · Accepted Answer

The unemployment rate is defined as the percentage of the labor force that is unemployed, which is equivalent to the number of unemployed workers divided by the labor force. Therefore, choice B is the correct answer because it directly provides the formula for calculating the unemployment rate. Choices A, C, and D either include unnecessary variables (employed workers or population) or do not provide the necessary division by the labor force.

The Unemployment Rate Equals 100 Times the Number of