Solved

If the Unemployment Rate Is 8 Percent, This Means

Question 62

Multiple Choice

If the unemployment rate is 8 percent, this means:


A) ​8 percent of the population is unemployed.
B) ​8 percent of the population over age 16 is unemployed.
C) ​8 percent of the labor force is unemployed.
D) ​the number of unemployed persons equals 8 percent of the employed persons.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: ​Exhibit 10-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="​Exhibit 10-1

Q58: Which of the following individuals would be

Q59: A healthy economy would be characterized by

Q60: Which of the following is true?<br>A)​A depression

Q61: The difference between the nominal interest rate

Q63: How do high rates of inflation lead

Q64: Economists use the term "business cycle" to

Q65: The term full employment implies an unemployment

Q66: In the expansion phase of the business

Q67: The unemployment rate is the number of