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The unemployment rate is defined as the number of unemployed persons divided by the number of persons in the:
AThe labor force
BAdult population
CTotal population
DWorking people
Answer & Solution
Correct answer: A. The labor force
1. The denominator of the unemployment rate is carefully specified.
2. Economists define the unemployment rate using two counts.
3. It is the number of unemployed persons divided by the number in the labor force.
4. It is explicitly not divided by the overall adult population.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 7 'Unemployment'_
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