How Is the Unemployment Rate Computed

question 91

Multiple Choice

How is the unemployment rate computed?

• A) as the number of unemployed divided by the labour force times 100
• B) as the number of unemployed divided by the number of people employed times 100
• C) as the number of unemployed divided by the adult population times 100
• D) as the number of unemployed times the participation rate times 100

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Definitions:

Technological Accidents

are unplanned and unwanted events caused by the failure or misuse of technical systems, equipment, or infrastructure, leading to harm, damage, or unintended consequences.

Steam Engine

is a heat engine that performs mechanical work using steam as its working fluid, playing a pivotal role in the Industrial Revolution by powering factories, locomotives, and ships.

Major Forces

Fundamental or powerful factors that influence or shape the course of events in society, the economy, or the natural world.

Urgent Social Need

A critical and immediate requirement within a society that necessitates prompt action for the welfare of its members.