What is the definition of the unemployment rate?
A) The ratio of unemployed to employed workers.
B) The number of employed workers minus the number of workers who are not in the labour force.
C) The percentage of the labour force which is unemployed.
D) The percentage of the total population which is unemployed.
E) The percentage of the working age population which is unemployed.
Correct Answer:
Verified
Q6: Which of the following is an example
Q7: What is meant by the participation rate?
A)The
Q8: What is the GDP Deflator?
A)A measure of
Q9: How is unemployment defined?
A)The number of persons
Q10: Q12: Q13: Q14: By how much has Canada's unemployment rate Q15: How is the GDP deflator calculated? Q16: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A)Nominal GDP![]()