4
QuizMultiple Choice

Measuring the Economy

Question 4 • VT-GA-EOC-Personal Finance & Economics A ULHS

Each month, government employees interview about 60,000 persons in sample households to determine what percentage is unemployed. This is used to determine the __________ rate.

Answer
A
price index
B
unemployment
C
market basket
D
business cycle

Explanation

The monthly survey asks people in sampled households about their employment status. The share of the labor force that is unemployed is used to calculate the unemployment rate, so the correct choice is unemployment.

AI-written and checked against the verified answer.

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