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 labor force
IV. the working age population
A) I and III
B) I and IV
C) I, II III and IV
D) I and II

Question

Quizplus · Accepted Answer

To calculate the unemployment rate, we would need information on the number of unemployed persons (I) and the number of people in the labor force (III). The population (II) and working age population (IV) could be useful in analyzing the unemployment rate further, but they are not necessary pieces of information for initial calculations. Therefore, the best choice is A.

To Calculate the Unemployment Rate, Which of the Following Are