The Official Unemployment Rate Is Calculated as

question 117

Multiple Choice

The official unemployment rate is calculated as

• A) the number of working-age people 15 years or older who are employed divided by the number of people in the labour force.
• B) all people 18 years of age or older who are employed,plus all those unemployed who are actively seeking work.
• C) the percentage of the working-age population 15 years or older who are not working but are actively seeking work.
• D) the number of people 15 years or older that are not employed and are actively seeking work divided by the number of people in the labour force.
• E) all people 15 years of age or older who are employed,plus all those unemployed who are actively seeking work divided by the number of people in the labour forcE.

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Definitions:

Government Efforts

Initiatives or actions taken by a government to address societal issues, regulations, or economic policies.

Private Efforts

Actions undertaken by individuals or private organizations rather than by the government or public entities to achieve a particular goal.

Political Corruption

The misuse of public power by government officials for private gain, often compromising the interests and rights of citizens.

Institutional Problem

Challenges and issues within established organizations that hinder their effectiveness or goals.