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Question
Macroeconomics
Posted 3 months ago
Which of the following is the correct interpretation of an unemployment rate of 4%?4 \% ?

Choose 1 answer:
(A) 4%4 \% of the population is looking for work.
(B) Four percent of the population has given up looking for work.
(C) 4%4 \% of the population is out of work and looking for work.
(D) Four percent of the population is in the labor force.
(E) 4%4 \% of the labor force is out of work and looking for work.
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Answer from Sia
Posted 3 months ago
E
Key Concept
Unemployment Rate
Explanation
The unemployment rate is the percentage of the labor force that is out of work and actively looking for employment.

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