Economists refer to a nation's ________ as an indicator of its economic health.

Question

Quizplus · Accepted Answer

The unemployment rate measures the percentage of unemployed individuals in the labor force and is commonly used by economists to gauge a nation's economic health. High unemployment rates can indicate a struggling economy, while low unemployment rates can indicate a healthy and growing economy. The other options - consumer price index, inflation rate, and recession rate - are also important economic indicators but do not directly measure a nation's workforce and job market like the unemployment rate does.

Economists Refer to a Nation's ________ as an Indicator of Its