Let $N , Q$, and U denote, respectively, the working age population, the labour force, and the number of unemployed. The unemployment rate is defined as
A) $\frac { Q } { U }$.
B) $\frac { N } { U }$.
C) $\frac { E } { Q }$.
D) $\frac { U } { Q }$.
E) $\frac { U } { N }$.

Question

Quizplus · Accepted Answer

The definition of unemployment rate is the proportion of the labour force that is unemployed, which is represented by U/Q.

Let N,QN , QN,Q , and U Denote, Respectively, the Working Age Population, the Working

Let $N , Q$ , and U Denote, Respectively, the Working Age Population, the Working