Question 1
The unemployment rate equals
◦ labor force/population.
◦ unemployed/employed.
◦ (employed - unemployed)/labor force.
◦ (labor force - employed)/labor force.
Question 2
The unemployment rate equals
◦ labor force/population.
◦ unemployed/employed.
◦ (employed - unemployed)/labor force.
◦ unemployed/labor force.