The unemployment rate is defined as the number of
A)unemployed people divided by the number of employed people.
B)employed people divided by the number of people in the country.
C)unemployed people divided by the number of people in the country.
D)unemployed people divided by the sum of the people employed and the people unemployed.
E)unemployed people divided by the number of people in the country who are employed.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed people by the labor force, which is the sum of employed and unemployed people.

The Unemployment Rate Is Defined as the Number of