doyleaustin29 doyleaustin29

Today at 4:20 PM
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Answered

Ten thousand people in Oakville (population 100,000) do not have jobs. An economist would say that Oakville has a(n) of 10 percent.
labor force
unemployment rate

Answer :

aleval9988 aleval9988

Today at 4:25 PM

unemployment rate is the answer

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palebadgworthy palebadgworthy

Today at 4:25 PM

The correct answer is: "unemployment rate"

The unemployment rate is a ratio calculated by dividing the total amount of people who do not have a job (but are actively looking for one) between the total (working-age) population.

In Oakville, if the division detailed above is performed: (10,000/100,000)*100= 0.1*100= 10%, the result obtained shows that in this country the 10% of the population is unemployed.

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