The Unemployment Rate Is The

question 39

Multiple Choice

The unemployment rate is the:

• A)ratio of unemployed in the total population to employed workers
• B)number of employed workers minus the number of workers who are not in the labour force
• C)percentage of the labour force that is out of work
• D)percentage of the total population that is out of work
• E)ratio of unemployed in the labour force to employed workers in the labour force

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Definitions:

Promisee

The party in a contract who is to receive the benefit of the promise or action stipulated in the agreement.

Promisor

A party who makes a promise or commitment in a contract.

Past Consideration

Refers to something of value that was given or an act that was performed in the past, which cannot be considered valid consideration for a current contract.

Binding Contract

A binding contract is an agreement between two or more parties that is enforceable by law, signaling that all parties have accepted the terms whether written or oral.