Multiple Choice
To calculate the unemployment rate, which of the following are necessary pieces of information?
I. the number of unemployed persons
II. the population
III. the number of people in the labor force
IV. the working age population
A) I, II III and IV
B) I and II
C) I and III
D) I and IV
Correct Answer:

Verified
Correct Answer:
Verified
Q73: In an economy, 43 million people are
Q74: The unemployment rate equals [(the number of
Q75: If unemployment equals the natural unemployment rate,
Q76: A person quits her job in order
Q77: The labor force is defined as the
Q79: The current U.S. population is about 300
Q80: The unemployment rate measures the percentage of
Q81: When real GDP is _ potential GDP,
Q82: Full employment occurs<br>A) only if the unemployment
Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table