The Unemployment Rate Equals the Number of

question 111

Multiple Choice

The unemployment rate equals the number of

• A) unemployed workers divided by the population then multiplied by 100.
• B) unemployed workers multiplied by 100.
• C) unemployed workers divided by the number of employed workers then multiplied by 100.
• D) unemployed workers divided by the labor force then multiplied by 100.

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Definitions:

Depression

a severe and prolonged downturn in economic activity, characterized by significant fall in spending and high unemployment.

Unemployment Rate

The level of unemployment within the labor force characterized by active job search efforts.

Inflation

The rate at which the average cost of goods and services ascends, leading to a decrease in monetary value over time.

Creditors

Individuals or institutions that lend money or extend credit to others, expecting repayment in the future with interest.