The Unemployment Rate Is the Number of Unemployed People

question 29

Multiple Choice

The unemployment rate is the number of unemployed people

• A) divided by the number of people who are working.
• B) divided by the total working-age population.
• C) divided by the sum of the number of people who are working and the number of people who are looking for work.
• D) and the number of people working fewer than their desired number of hours, divided by the number of people who are working or looking for work.

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Definitions:

Lowest Terms

The simplest form of a fraction where the numerator and denominator are reduced to their smallest values.

Provincial Government

A form of government found at the sub-national level, typically responsible for local regions within a country, managing areas like education and transportation.

Budget Forecasts

Predicted financial statements or estimates for future periods based on expected income and expenses.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.