In labor economics, what statistical calculation determines a country's official unemployment rate?
Answer and explanation
Correct answer: A. The number of unemployed persons divided by the total active labor force
- Step 1: The unemployment rate is calculated as the number of registered or surveyed unemployed persons seeking work divided by the total economically active population (employed plus unemployed). Answer: The number of unemployed persons divided by the total active labor force. Why not the others: Dividing by total population includes children and pensioners, while pensioner and civil servant ratios are unrelated.
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