Which of the Following Is Correct

question 4

Multiple Choice

Which of the following is correct?

• A)Labor force = number of employed.
• B)Labor force = population - number of unemployed.
• C)Unemployment Rate = number of unemployed ÷ (number of employed + number of unemployed)× 100.
• D)Unemployment Rate = number of unemployed ÷ adult population × 100.

---

Definitions:

Output Per Worker

A measure of productivity calculated by dividing the total output of goods or services by the number of workers.

Natural Resource Endowments

The stock of natural resources, like minerals, forests, and waterways, that a country possesses, which can influence its economic development.

Real Earnings

Earnings adjusted for inflation, depicting the real purchasing power of income.

Automated Production

involves the use of control systems and machinery to handle tasks in manufacturing with minimal human intervention.