The unemployment rate is defined as the number of
a. unemployed individuals divided by the number of employed individuals.
b. employed individuals divided by the number of individuals in the working-age population.
c. unemployed individuals divided by the number of individuals in the working-age population.
d. unemployed individuals divided by the number of individuals employed plus the number of unemployed.
D
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When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the
A) rent. B) market equilibrium rent that would prevail in the absence of a rent ceiling. C) value of the time and resources spent searching plus the rent. D) consumer surplus.
A change in ________ creates a movement along the aggregate demand curve, while a change in ________ shifts the aggregate demand curve
A) expected profits; tax rates B) the price level; government expenditures C) foreign income; the foreign exchange rate D) real wealth; human capital