Asked by Breana Moore on May 08, 2024
Verified
In an economy,U = the number of adults who are unemployed,E = the number of adults who are employed,and NLF = the number of adults not in the labor force.The unemployment rate of the economy is equal to:
A) U/(E + NLF) .
B) U/E.
C) U/(U + E) .
D) U/(U + E − NLF) .
Unemployment Rate
The unemployment rate is the percentage of the labor force that is jobless and actively looking for employment, serving as a key indicator of labor market health.
Labor Force
The total number of people available for work, including both the employed and those seeking employment but currently unemployed.
Employed Adults
Individuals above a specified age who are currently working in paid employment.
- Calculate the proportion of unemployment in different settings.
Verified Answer
Learning Objectives
- Calculate the proportion of unemployment in different settings.
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