The Unemployment Rate Equals

question 108

Multiple Choice

The unemployment rate equals

• A) labor force/working age population) × 100.
• B) number of people employed/working age population) × 100.
• C) number of people unemployed/labor force) × 100.
• D) number of people employed/number of people age 16 and over) × 100.

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Definitions:

Exxon Valdez

An oil tanker whose 1989 spill off the coast of Alaska caused one of the biggest environmental disasters in U.S. history.

Safeguards

Protective measures or mechanisms put in place to prevent harm, damage, or any other undesirable outcome.

Technological Growth

The process of innovation and the spread of new technological inventions, contributing to economic development and changes in societal practices.

Rational Understandings

The ability to comprehend, interpret, and reason about information or situations in a logical and coherent manner.