Economics · Employment and Unemployment
Which of the following formulas is used for calculating the unemployment rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(Number of employed / Labor force) × 100
- 2(Number of employed / Total population) × 100
- 3(Number of unemployed / Total population) × 100
- 4(Number of unemployed / Labor force) × 100✓
Correct answer
(Number of unemployed / Labor force) × 100
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