Ask Question
BusinessBusiness
25 October, 08:48

The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment?

+5
Answers (1)
  1. 25 October, 08:58
    0
    The correct answer is letter "C": Interval or ratio.

    Explanation:

    Interval measurements refer to providing an object of study a value based on a scale between two values. Those values could fall below zero. Ratio measurements represent a specific numerical amount usually expressed in fractions or percentages and cannot fall below zero.

    Then, if the unemployment is 5.5% of the population is has been measured as a ratio.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The journal entry to record direct labor for Department A and Department B would include a. a decrease to Work in Process for each department individually. b. a decrease to Work in Process for both departments summed together. c.
Answers (1)
What would be the first thing you would do if you are burned by a chemical while performing a lab experiment?
Answers (2)
A broker-dealer headquartered in Florida has a Net Capital requirement of $50,000. The firm has an office in Georgia, where the Net Capital requirement is $25,000 and an office in Tennessee where the Net Capital requirement is $35,000.
Answers (1)
Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process?
No Answers
Ruben is a shareholder of speed bikes company (sbc). when the directors fail to undertake an action to redress a wrong suffered by sbc, ruben files a suit on the firm's behalf.
Answers (1)
New Questions in Business
In which of the following situations is the taxpayer not required to file a 2019 income tax return? a. When the taxpayer is a 69-year-old widow (spouse died 3 years ago) with wages of $16,500 and no dependents. b.
Answers (1)
Skysong Company purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase.
Answers (1)
Which of the following perspectives is least useful for evaluating solutions?
Answers (2)
Oh no! someone stole your credit card and charged $2,500 worth of purchases before you even knew the card was missing. how much of the unauthorized charges can you be required to pay?
Answers (1)
The major factor in deciding how much to purchase is:
Answers (1)
Home » Business » The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment?
Sign Up Forgot Password?