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Poverty and Unemployment · IB ACIO · Question 55 of 60

Poverty and Unemployment: The formula for the unemployment rate (UR) is

Step-by-step solution. Poverty and Unemployment for IB ACIO.

Topic
Poverty and Unemployment
Subject
General Studies
Difficulty
moderate
Solve Time
45-60 sec

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Q · Poverty and Unemploymentmoderate · 45s

The formula for the unemployment rate (UR) is:

TopicPoverty and Unemployment
Question Typemultiple choice
Difficultymoderate
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

Meaning: UR measures the share of the labour force without jobs but seeking work.Correct Option Justification: A is correct by definition of UR.Incorrect Options:A. This ratio omits the labour force concept and is not UR.B. This is Worker‑Population Ratio (WPR).C. This is Employment Rate, not UR.

Final Answer: Option A - (Unemployed ÷ Labour force) × 100
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The formula for the unemployment rate (UR) is - Poverty and Unemployment (General Studies) Solved Question