To Calculate the Unemployment Rate, Which of the Following Are

question 78

Multiple Choice

To calculate the unemployment rate, which of the following are necessary pieces of information?
I. the number of unemployed persons
II. the population
III. the number of people in the labor force
IV. the working age population

• A) I, II III and IV
• B) I and II
• C) I and III
• D) I and IV

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Definitions:

Economic Success

The achievement of financial health and sustainability, often measured by factors like income, employment rate, and GDP growth.

Latino

A person of Latin American origin or descent, often used interchangeably with Hispanic, although they have distinct definitions based on geography and culture.

Inequalities in Income

The uneven distribution of income within a population, leading to disparities in wealth, access to resources, and quality of life among different social and economic groups.

Inequalities in Wealth

The uneven distribution of assets, wealth, and income among individuals or across different groups in society.