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spin [16.1K]
3 years ago
13

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

nt.
labor force
unemployment rate
History
2 answers:
bixtya [17]3 years ago
8 0

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.

dmitriy555 [2]3 years ago
5 0
Unemployment rate  is the answer 

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