ECONOMICS
GDP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
all the people in the USA who don’t have a job divided by the total population
|
|
|
all those in the labor force who want to work, but cannot find work divided by the total non institutionalized civilian population
|
|
|
anyone without a job
|
|
|
None of the above
|
Detailed explanation-1: -The unemployment rate represents the number of unemployed people as a percentage of the labor force (the labor force is the sum of the employed and unemployed). The unemployment rate is calculated as: (Unemployed ÷ Labor Force) x 100.
Detailed explanation-2: -The unemployment rate is defined as the number of unemployed persons divided by the number of persons in the labor force (not the overall adult population). The Current Population Survey (CPS) conducted by the United States Census Bureau measures the percentage of the labor force that is unemployed.
Detailed explanation-3: -Unemployment Rate = Unemployed / Civilian Labor Force The civilian labour force, as mentioned in the formula, consists of both employed and unemployed people.
Detailed explanation-4: -Terms in this set (10) The unemployment rate is calculated by dividing the number of unemployed people by the potential labor force, and then times 100 to get the percentage of people unemployed.