Question

quiz 6.4.1 - unemployment, economic indicators, inflation, and deflation
value: 3
how is the unemployment rate calculated?
a. labor force/number of unemployed x 100
b. number of unemployed/labor force x 100
c. employed + unemployed
d. unemployed x employed x 100

Explanation:

The unemployment rate is a proportion of the unemployed in the labor - force, expressed as a percentage. It is calculated by dividing the number of unemployed individuals by the total labor force and then multiplying by 100.

Answer:

B. Number of unemployed/labor force x 100