If the unemployment rate is 8 percent, then this means: the number of unemployed persons equals 8 percent of the employed persons. 8 percent of the population age over sixteen is unemployed. O 8 percent of the population is unemployed. O 8 percent of the labor force is unemployed.

If the unemployment rate is 8 percent, then this means: the number of unemployed persons equals 8 percent of the employed persons. 8 percent of the population age over sixteen is unemployed. O 8 percent of the population is unemployed. O 8 percent of the labor force is unemployed.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 18P

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Question

If the unemployment rate is 8 percent, then this means:
the number of unemployed persons equals 8 percent of the employed persons.
8 percent of the population age over sixteen is unemployed.
O 8 percent of the population is unemployed.
O 8 percent of the labor force is unemployed.

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