Question

question 24 (2 points)
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the unemployment rate equals
(number of people without a job ÷ population)× 100.
(number of people unemployed ÷ labor force) × 100.
(number of people without a job ÷ working - age population) × 100.
(number of people unemployed ÷ population) × 100.
(working - age population - number of people employed) ÷ labor force × 100.

Explanation:

The unemployment rate is calculated by dividing the number of unemployed people by the labor force (the sum of employed and unemployed people) and then multiplying by 100. This is a standard economic formula. The labor force excludes those not in the labor market (e.g., retirees, full - time students not seeking work).

Answer:

(number of people unemployed ÷ labor force) × 100.