Which of the following is the correct formula for determining the unemployment rate?
a. [(The number of unemployed, working-age people seeking work)/(The number of people in the labor force)] x 100.
b. (The total number of employed / The number of people in the labor force) x 100.
c. (The total number of unemployed / The number of working-age people seeking work) x 100.
d. (The number of people in the labor force / The number of working-age people seeking work) x 100.
a
Economics
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In order to have a meaningful measure of marginal utility, we must define the time period during which consumption is occurring
a. True b. False Indicate whether the statement is true or false
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