Which of these is true about the national unemployment rale! A. All citizens are included in the labor force. B. All people 18 years or older are counted as part of the labor force. C. It is always at 6%. D. It is never at zero.
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Step 1: The national unemployment rate is the number of people who are unemployed divided by the total labor force (which includes people who are employed and actively looking for work). Show more…
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The unemployment rate A. shows the percentage of the population that is considered unemployed. B. is the amount of people in the population that are not working. C. shows the percentage of the labor force that is considered unemployed. D. is the amount of the labor force that is not working.
Which of the following is a limitation of the unemployment rate? a. It does not account for workers that become discouraged and stop looking for a job. b. It fails to reflect underemployment; c. It does not account for frictional unemployment; d. Both (a) and (b) are correct:
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