Which of the following statements is TRUE?
A) The number of people not working but who have looked for work in the past year are is equal to the number of unemployed people.
B) The labor force is the total number of people working plus those who are unemployed.
C) The unemployment rate is the number of people unemployed expressed as a percentage of the population.
D) The labor force is the same as the population.
Correct Answer:
Verified
Q5: The rate of unemployment is found by
Q6: The statistics and data on unemployment are
Q7: If a country has a working-age population
Q8: The labor force is equal to the:
A)sum
Q9: If a country has a working-age population
Q9: To be officially unemployed, a person must:
A)not
Q11: A person who has no job but
Q13: The unemployment rate is the:
A) percent of
Q14: The unemployment rate is the ratio of
Q19: The percentage of the labor force that
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