Asked by Krista Hageman on Jun 07, 2024
Verified
If the number of unemployed is greater than the number of employed,the unemployment rate is
A) over 100%.
B) more than 50%.
C) less than 50%.
D) None of the choices are correct.
Unemployment Rate
The proportion of people in the workforce who are unemployed and seeking work actively.
Employed
The state of having a paid job or being engaged in a profitable activity.
Unemployed
Individuals who are willing and able to work but cannot find employment.
- Grasp the structure of the labor force and the definition of unemployment.
Verified Answer
CC
carolina chaverriaJun 14, 2024
Final Answer :
B
Explanation :
The unemployment rate is calculated as the number of unemployed individuals divided by the labor force (the sum of employed and unemployed individuals). If the number of unemployed is greater than the number of employed, the unemployment rate would be more than 50%, as the unemployed would constitute more than half of the labor force.
Learning Objectives
- Grasp the structure of the labor force and the definition of unemployment.