Home › AP Macroeconomics › Economics › Unemployment › The unemployment rate is explicitly NOT divided …
The unemployment rate is explicitly NOT divided by which group?
AThe number of firms hiring
BThe overall adult population
CThe number in the labor force
DThe count of unemployed persons
Answer & Solution
Correct answer: B. The overall adult population
1. A common mistake is to use the wrong denominator.
2. The unemployment rate is the number of unemployed divided by the labor force.
3. The definition adds a parenthetical warning.
4. It is not the overall adult population.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 7 'Unemployment'_
Related questions
Unemployment falling from 6 percent while the labor force grows can still mean the number A worker whose factory closed permanently and whose skills no longer match available jobs An economy exactly at full employment has an unemployment rate that is:An economy in a deep recession has unemployment that is mainly which type?Reclassifying unemployed workers as discouraged workers moves them out of the labor force,Workers trained for one type of work but employed in a lower paying job that does not use Even after recovery began, population and labor force growth kept the unemployment rate:At the outset of the recession described, the unemployment rate was: