U-1 is a more ________ measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who ________.

Question

Quizplus · Accepted Answer

U-1 is considered a narrow measure of unemployment rate because it only includes those who have been unemployed for 15 weeks or more, while the conventional U-3 measure includes those who have been unemployed for as little as one week. Therefore, A is the correct choice. B, C, D, and E are all incorrect because they either refer to the wrong type of measure (broad instead of narrow) or include incorrect information about the characteristics of U-1.

U-1 Is a More ________ Measure of Unemployment Rate Than