The Unemployment Rate Is Expressed As

question 3

Multiple Choice

The unemployment rate is expressed as:

• A) the number of unemployed workers divided by the number of employed workers.
• B) the number of jobless workers divided by the size of the labour force.
• C) the fraction of the working age population that is unemployed.
• D) one minus the fraction of the population that is employed.
• E) the number of unemployed workers divided by the size of the labour force.

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Definitions:

Defense Spending

Government expenditure on military forces and activities, including salaries, benefits, weapons systems, and operations.

Social Security

A government program that provides financial assistance to people with inadequate or no income, particularly the elderly, disabled, and families with dependent children.

Property Tax

A levy on property that the owner is required to pay, typically based on the value of the property.

Government Revenue

The income received by the government from taxes, fees, fines, and other sources, used to fund public services and obligations.