The unemployment rate measures the:
A)number of people in the labor force divided by the adult population.
B)percentage of people in the labor force who are unemployed.
C)percentage of people in an economy who have dropped out of the labor force.
D)number of people in the adult population who are looking for work.
E)number of people in the labor force who are not working.

Question

Quizplus · Accepted Answer

The unemployment rate measures the percentage of people in the labor force who are unemployed. It is calculated by dividing the number of unemployed individuals by the total number of individuals in the labor force, and expressing the result as a percentage. Options A, C, D and E are incorrect as they do not accurately describe the unemployment rate.

The Unemployment Rate Measures The