The Unemployment Rate Is the Number of People Unemployed Divided

question 251

Multiple Choice

The unemployment rate is the number of people unemployed divided by the

• A)population,then multiplied by 100.
• B)labor force participation rate,then multiplied by the population.
• C)labor force,then multiplied by 100.
• D)number of people employed,then multiplied by 100.
• E)working-age population,then multiplied by 100.

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Definitions:

Willingness To Pay

The maximum amount that a buyer will pay for a good.

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A parable that illustrates why common resources are used more than is desirable from the standpoint of society as a whole.

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