The Unemployment Rate Is Calculated by

question 87

Multiple Choice

The unemployment rate is calculated by

• A) dividing the number of unemployed people by the sum of the number of working people plus the number of unemployed people, and multiplying by 100.
• B) dividing the number of unemployed people by the number of working individuals, and multiplying by 100.
• C) dividing the number of unemployed people by the number in the working-age population, and multiplying by 100.
• D) dividing the number of unemployed people by the number of people in the labour force, and dividing by 100.

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Definitions:

Inspecting

The process of examining something carefully in order to ascertain its condition, quality, or compliance with certain standards or regulations.

Lost Profits

Financial gains that could have been earned but were not due to a breach of contract or other wrongful act.

Consequential Damages

Compensation for losses not directly caused by a breach of contract but resulting as a foreseeable consequence of the breach.

Breach of Warranty

The failure to fulfill the terms of a promise or guarantee made about the quality or functionality of a product or service.