The Unemployment Rate Is Calculated as

question 14

Multiple Choice

The unemployment rate is calculated as

• A) the rate of inflation minus the rate of employment.
• B) total productivity divided by frictional unemployment.
• C) the percentage of the labor force that is unemployed.
• D) structural unemployment divided by GDP.

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Definitions:

Negligent

Failing to take proper care in doing something, which results in harm or damage to someone or something.

Transfer Warranties

Assurances made by a seller to a buyer about the quality, performance, or condition of a good or title being transferred.

Altered

Altered denotes something that has been changed, modified, or adjusted from its original form or state.

Negotiable

A term indicating that the terms and conditions of something, such as a financial instrument or contract offer, can be discussed and altered by involved parties.