9
QuizMultiple Choice

Measuring the Economy

Question 9 • VT-GA-EOC-Personal Finance & Economics A ULHS

The percentage of the US labor force that is unemployed is known as the __________.

Answer
A
consumer price index
B
gross domestic product
C
national unemployment rate
D
annual percentage change

Explanation

The national unemployment rate is the percentage of the labor force that is unemployed and actively seeking work. The consumer price index measures changes in prices, while gross domestic product measures the value of goods and services produced, so neither describes unemployment.

AI-written and checked against the verified answer.

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