The Most Widely Used Measure of the Unemployment Rate Is

question 86

Multiple Choice

The most widely used measure of the unemployment rate is found by the

• A)U.S.Department of Labor in surveys of businesses to determine the number of employees as a percentage of the total labor force.
• B)U.S.Census Bureau in monthly surveys that examine whether people are working or are willing to work.
• C)U.S.Census Bureau in its census of the population every 10 years.
• D)Council of Economic Advisers, which summarizes its nationwide surveys in its yearly report to the president.

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Definitions:

Alternative Hypothesis

The hypothesis that there is a significant difference between groups or conditions, contrasting the null hypothesis in statistical testing.

Systematically Larger

Relating to something that consistently exhibits larger values or sizes than others within a set or compared to a benchmark.

Normal Approximation

A method used in statistics to approximate a binomial distribution with a normal distribution when the sample size is large enough.

Continuity Correction

An adjustment made when approximating a discrete distribution with a continuous distribution, often used when applying the chi-square test to binomial or Poisson distributions.