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

The unemployment rate is calculated by dividing the number of ______ by the ______ times 100.Multiple choice question.the labour force; unemployedunemployed; labour forcethe labour force; employedemployed; labour force

The unemployment rate is equal to the number of unemployed persons divided by _______ x100.Group of answer choicesThe total populationThe adult populationThe labor forceNone of the above

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.

Labor Force of an EconomyLabor Force Number of People (millions)Employed 157.3Structurally unemployed 5.2Cyclically unemployed 5.3Frictionally unemployed 2.9 Instructions: Round your answers to two decimal places. a. Calculate the actual unemployment rate and the natural rate of unemployment for this economy.      Actual rate of unemployment: %      Natural rate of unemployment: % b. Now assume 1.7 million cyclically unemployed workers become employed. At the same time, 0.5 million employed workers become structurally unemployed. Calculate the unemployment rate and the natural rate of unemployment for this economy.      Actual rate of unemployment: %      Natural rate of unemployment: %

Assume a country  to have 1000 labour forcces, in which 100 people are unemployed and 900 people are employed. What is the unemployment rate of the country?