The percentage of the labor force that is unemployed is the ?
Correct answer: A. unemployment rate
- A. unemployment rate
- B. labor force rate
- C. employment rate
- D. unemployment population ratio
Explanation
The unemployment rate is calculated as unemployed people divided by the labour force, multiplied by 100. The labour force includes both employed and unemployed people who are actively seeking work.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
The index used most often to measure inflation is the?
It has become conventional classify a recession as a period where national output falls for _________ or more?
According to the classical economists, the only gainers from growth would be ?
The diagram that shows the income received and payments made by each sector of the economy is the ?
Higher export demand __________ output and a higher MPZ __________ output?
when the level of income _________ there will be a tendency for the trade balance to improve as imports?