When calculating the unemployment rate, why take into account only the labor force and not the entire population? A. The workforce is easier to count and verify. B. The unemployment rate is more sensitive to conditions in the labor market than the overall population. C. The total population, including those who are not fit for work, has no real significance for the unemployment rate. Explanation The whole population, including those who are not fit for work, has no real significance for the unemployment rate: this is not accurate. The unemployment rate looks at the proportion of people in the labor force who are not working, so it excludes people who are not fit to work. D. The calculation of the unemployment rate only takes into account the number of employed and unemployed, and the total population is not relevant.

In a given country, the total labor force population is 5,000,000, the number of employed people is 4,200,000, and the number of people looking for work but not finding it for the time being is 800,000. Please calculate the unemployment rate of the country.

The unemployment rate is defined as

If the number employed is 12 million, the working-age population is 16 million, and the number unemployed is 0.7 million, then the unemployment rate is —.Group of answer choices5.51%5.17%3.75%12%

The formula used to determine the unemployment rate is:Multiple choice question.unemployed divided by labour force times 100labour force divided by unemployed times 100population divided by unemployed times 100unemployed divided by population times 100

A country has a total civilian population (over age 16) of 300 million. Of this population, 225 million are employed, 25 million are unemployed, and the remainder of the population is not in the labor force. Then, the unemployment rate isGroup of answer choices.083..111..100..150.