The unemployment rate:A. is measured by the number of people who are unemployed divided by the labor force. B. is never zero. C. measures what percentage of our population is currently looking for a job and can't find one. D. All of these are true.

Question

Braxton Barrera

Business

25 August, 23:59

The unemployment rate:A. is measured by the number of people who are unemployed divided by the labor force. B. is never zero. C. measures what percentage of our population is currently looking for a job and can't find one. D. All of these are true.

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Answers (1)

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Sage Good · Answer 1

The correct answer is option D.

Explanation:

All the above statement regarding the unemployment rate is true. The unemployment rate can be defined as the rate of people in the labor force who are willing to work and are not able to find work.

The rate of unemployment can not be zero. There is a certain level of unemployment existing all the time in an economy. If we try to reduce this rate, it will lead to increase in inflation.

This rate of unemployment can be calculated by the ratio of total unemployed persons and total labor force.