Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Inflation Rate
B
Unemployment Rate
C
Gross Domestic Product
D
Labor Force Participation Rate
Understanding the Answer
Let's break down why this is correct
Answer
The term used to describe the percentage of the labor force that is unemployed and actively seeking employment is called the unemployment rate. This rate helps us understand how many people are looking for jobs but cannot find one. For example, if there are 100 people in the labor force and 5 of them are unemployed and actively searching for work, the unemployment rate would be 5 percent. This figure is important because it gives us an idea of the health of the economy; a high unemployment rate can indicate economic trouble, while a low rate usually suggests that jobs are more available. By tracking the unemployment rate, we can see trends in the job market and make informed decisions about economic policies.
Detailed Explanation
The unemployment rate shows how many people want jobs but can't find one. Other options are incorrect because Some might think this is about jobs, but it actually measures how prices go up over time; This term refers to the total value of all goods and services a country makes.
Key Concepts
unemployment rate
Topic
Unemployment Rates and Economic Indicators
Difficulty
easy level question
Cognitive Level
understand
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