Multiple Choice
Which of the following definitions is correct?
A) Labor force = number of employed.
B) Labor force = population - number of unemployed.
C) Unemployment Rate = (number of unemployed ÷ [number of employed + number of unemployed]) × 100.
D) Unemployment Rate = (number of unemployed ÷ adult population) × 100.
Correct Answer:
Verified
Correct Answer:
Verified
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