Which of the Following Is the Correct Way to Calculate

question 185

Multiple Choice

Which of the following is the correct way to calculate the unemployment rate?

• A) [(unemployed)/(population)] × 100
• B) [(unemployed)/(labor force)] × 100
• C) [(labor force)/(population)] × 100
• D) [(labor force)/(unemployed)] × 100

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Definitions:

Rational Choice Theory

An economic principle that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Micro-to-Macro

An approach or perspective in sociology that starts with the study of individuals or small groups (micro-level) and attempts to understand larger societal structures and processes (macro-level) based on these smaller interactions.

James Coleman

An influential American sociologist best known for his work in education, public policy, and social theory, including the development of the concept of social capital.

Psychological Reductionism

An approach that attempts to explain social phenomena solely through the lens of individual psychological processes.