ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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number of unemployed divided by total population, times 100
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number of employed minus unemployed divided by labor force, times 100
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number of unemployed divided by labor force, times 100
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number of employed minus labor force divided by employed, times 100
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Detailed explanation-1: -We can calculate the unemployment rate by dividing the number of unemployed people by the total number in the labor force, then multiplying by 100.
Detailed explanation-2: -In simple terms, the unemployment rate for any area is the number of area residents without a job and looking for work divided by the total number of area residents in the labor force.
Detailed explanation-3: -The unemployment rate formula is unemployment rate = (Number of unemployed individuals /sums of employed and unemployed individuals) x 100%. Example-Assuming the number of unemployed people is 500 and those employed are 3000, the unemployment rate will be: 500/3500 x 100% =14.29%.
Detailed explanation-4: -Terms in this set (20) Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate it: 6 percent.
Detailed explanation-5: -A total number of unemployed/total labor force multiplied by 100 is the correct formula to find out the unemployment rate.