Suppose U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults NOT in the labour force.Which expression would equal the unemployment rate?
A) U/(E + NLF)
B) U/E
C) U/(U + E)
D) U/(E + NLF)

Question

Suppose U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults NOT in the labour force.Which expression would equal the unemployment rate?  
A) U/(E + NLF) 
B) U/E 
C) U/(U + E) 
D) U/(E + NLF)

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals (U) by the total labor force, which is the sum of employed (E) and unemployed (U) individuals, hence U/(U + E).

Suppose U = the Number of Adults Who Are Unemployed