Question

The U.S. unemployment rate​ ______. A. is calculated as the percentage of the working age population...

The U.S. unemployment rate​ ______.

A.

is calculated as the percentage of the working age population who are unemployed or discouraged

B. is calculated as the percentage of the working age population who are unemployed

C. was lower during World War II than during the Vietnam War

D. shows a downward trend

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Answer #1

The correct answer is Option ( B ) Is calculated as the percentage of the working age population who are unemployed

Explanation -

The unemployment rate in the United States is given as follows -

Unemployment Rate = Number of Unemployed / Labor Force

The labor force is the total working age population that is over 16 years. However, individuals who are "discouraged workers" are not included in the labor force.

Discouraged workers are workers who sought employment in the last 12 months, but have not looked for employment in the last 4 weeks due to economic reasons.

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