Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
What is the number of people who are not working and are looking for jobs divided by the total number of people who are working or looking for jobs known as?
Options:
Unemployment rate
Employment rate
GDP rate
None of above
Correct Answer:
Unemployment rate
Explanation:
Unemployment rate may be defined as the number of people who are not working and are looking for jobs divided by the total number of people who are working or looking for jobs.