Question
Which of the following statements is the best explanation of how the unemployment rate is measured?(1 point)
Responses
The unemployment rate measures the percentage of individuals in the gig economy such as freelance workers, independent contractors, or temporary workers.
The unemployment rate measures the percentage of individuals in the gig economy such as freelance workers, independent contractors, or temporary workers.
The unemployment rate measures the percentage of individuals who are retired.
The unemployment rate measures the percentage of individuals who are retired.
The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.
The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.
The unemployment rate measures the percentage of individuals underemployed.
The unemployment rate measures the percentage of individuals underemployed.
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Responses
The unemployment rate measures the percentage of individuals in the gig economy such as freelance workers, independent contractors, or temporary workers.
The unemployment rate measures the percentage of individuals in the gig economy such as freelance workers, independent contractors, or temporary workers.
The unemployment rate measures the percentage of individuals who are retired.
The unemployment rate measures the percentage of individuals who are retired.
The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.
The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.
The unemployment rate measures the percentage of individuals underemployed.
The unemployment rate measures the percentage of individuals underemployed.
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Answers
GPT-4o mini
The best explanation of how the unemployment rate is measured is:
**The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.**
This statement accurately reflects the definition of the unemployment rate, which includes those who are actively seeking work but are unable to find it.
**The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.**
This statement accurately reflects the definition of the unemployment rate, which includes those who are actively seeking work but are unable to find it.