What is the name for the percentage of people who don't have jobs in a country or area?
A.
The unemployment rate
B.
The spending rate
C.
The inflation rate
D.
The GDP growth rate
A). The unemployment rate (UER) is the % of people who don't have jobs in a city/ area. Calculated by this formula: UER= # OF PPL UNEMPLOYED / ( # OF PPL EMPLOYED + # OF PPL UNEMPLOYED)
