The Main Statistic That Is Used to Monitor Unemployment in the Economy

question 42

Multiple Choice

The main statistic that is used to monitor unemployment in the economy is:

• A) real gross domestic product (GDP).
• B) the unemployment rate.
• C) the unemployed-employed ratio.
• D) real GDP per capita.
• E) discouraged workers.

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Definitions:

Symbolic Thinking

The ability to use symbols, signs, or objects to represent ideas or concepts, significant in language development and creative thinking.

Cognitive Developmental Milestones

Refer to the key stages in early childhood and adolescence where individuals achieve new abilities in language, thought, problem-solving, and personal interaction.

Piaget

Piaget, Jean Piaget, was a Swiss psychologist best known for his pioneering work in child development, specifically his theory of cognitive development that describes how children's intellect grows and evolves in stages.

Age-related Timing

Age-related Timing pertains to the specific periods or milestones in an individual's life when certain abilities, behaviors, or physiological changes are most likely to occur.