Question

How is the unemployment rate calculated

Divide the labor force by the number of unemployed persons

Divide the number of unemployed persons by the labor force

Multiply the labor force by the number of unemployed persons

Subtract the number of unemployed persons from the labor force

Answer 1

[AI-generated answer — Bot GPT 3.5]

The correct answer is: Divide the number of unemployed persons by the labor force. The resulting ratio is then multiplied by 100 to obtain the unemployment rate as a percentage.