The main statistic that is used to monitor unemployment in the economy is
A) real GDP.
B) the unemployment rate.
C) the unemployed-employed ratio.
D) real GDP per capita.
E) discouraged workers.

Question

Quizplus · Accepted Answer

The unemployment rate is the most commonly used measure of unemployment in the economy. It is the percentage of the labor force that is not employed but actively seeking employment. Other measures, such as the unemployed-employed ratio and the number of discouraged workers, provide additional information but are not as widely used as the unemployment rate. Real GDP and real GDP per capita are indicators of overall economic growth and do not specifically measure unemployment.

The Main Statistic That Is Used to Monitor Unemployment in the Economy