Labor force number of employed labor force population -, Business Economics

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Labor force number of employed labor force population -

Which of the following is correct?

a. Labor force = number of employed.

b. Labor force = population - number of unemployed.

c. Unemployment Rate = number of unemployed ÷ (number of employed + number of unemployed) X 100.

d. Unemployment Rate = number of unemployed ÷ adult population X 100

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