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

The correct answer for the following question is The Unemployment rate.

Explanation:

The rate of the job less labour force expressed as a percentage known as the unemployment rate. This percentage generally falls and rise on the situation of the economic condition.

There is a formulae for calculating the unemployment rate :

U-3=Unemployed/Labour force×100

And the formulae for alternative measure :

U-1=Unemployed 15+ Weeks/Labour force×100

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