The Unemployment Rate Is Found by Dividing the Number of Unemployed

question 283

Multiple Choice

The unemployment rate is found by dividing the number of unemployed people by the

• A) number of working individuals, and multiplying by 100.
• B) number of the working-age population, and multiplying by 100.
• C) sum of working individuals plus unemployed workers, and multiplying by 100.
• D) number in the labor force, and dividing by 100.

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Definitions:

Wrongful Nature

The characteristic of an act or behavior deemed improper, illegal, or unjust according to societal or legal standards.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, when such acts occur within the scope of employment or agency.

Liability Policies

Insurance policies that offer protection against claims resulting from injuries and damage to people and/or property.

Insurable Interest

A principle requiring a person to have a legitimate financial or other interest in the life, property, or well-being of the insured subject, to obtain insurance for it.