[Answer] 21. Which of the following is the correct way to calculate the unemployment rate?

Answer: B. [(unemployed)/(labor force)] x 100
21. Which of the following is the correct way to calculate the unemployment rate?

The ILO describes four different methods to calculate the unemployment rate: Labour Force Sample Surveys are the most preferred method of unemployment rate calculation since they give the most comprehensive results and enables calculation of unemployment by different group categories such as race and gender. This method is the most internationally comparable.

Unemployment – Wikipedia

Unemployment – Wikipedia

Misery index (economics) – Wikipedia

Misery index (economics) – Wikipedia

The misery index is an economic indicator created by economist Arthur Okun.The index helps determine how the average citizen is doing economically and it is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate .It is assumed that both a higher rate of unemployment …

Additionally the unemployment rate at equilibrium is given by: u = q q + α ϵ {\displaystyle u={q \over {q+\alpha \epsilon }}} A hike in the wage which increases the search effort and the job finding rate decreases the unemployment rate .

The formula for calculating it is: HPI-1 =. [ 1 3 ( P 1 α + P 2 α + P 3 α ) ] 1 α {\displaystyle \left [ {\frac {1} {3}}\left (P_ {1}^ {\alpha }+P_ {2}^ {\alpha }+P_ {3}^ {\alpha }\ right )\ right ]^ {\frac {1} {\alpha }}} P 1 {\displaystyle P_ {1}}

Tue May 28 2002 14:30:00 GMT-0400 (Eastern Daylight Time) · An increased deficit by the national government shifts the IS curve to the right . This raises the equilibrium int…