Question

multiple choice question
the unemployment rate is the
o fraction of the labor force that is unemployed.
o fraction of the population that does not have a job.
o fraction of the population that is unemployed.
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Explanation:

The unemployment rate is calculated as the proportion of the labor - force (people who are either employed or actively seeking employment) that is unemployed. It does not consider the entire population since not everyone in the population is part of the labor - force (e.g., children, retirees).

Answer:

fraction of the labor force that is unemployed.