Ask Question
BusinessBusiness
8 March, 17:39

The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment?

+5
Answers (1)
  1. 8 March, 18:33
    0
    The correct answer is letter "C": Interval or ratio.

    Explanation:

    Interval measurements refer to providing an object of study a value based on a scale between two values. Those values could fall below zero. Ratio measurements represent a specific numerical amount usually expressed in fractions or percentages and cannot fall below zero.

    Then, if the unemployment is 5.5% of the population is has been measured as a ratio.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Three Piggies Enterprises has no debt. Its current total value is $74 million. Assume debt proceeds are used to repurchase equity.
Answers (1)
4. Which of the following best defines the term business cycle A. The total quantity of goods and services produced by an economic system during a given period B.
Answers (1)
Mike looks at Imelda's files and sees that she was using four different spreadsheets to record production line and employee information.
Answers (1)
A gold standard ensures a long run tendency toward price stability becausea. none of the answers is correct b. gold is desirable c. gold supply is directly related to consume
Answers (1)
What is something that is taxed called?
Answers (1)
New Questions in Business
What are the two facets of a mode of production according to E. K. Hunt? Define them.
Answers (1)
Assume that a risky security pays an average cash flow of $100 in one year. The risk-free rate is 5%, and the expected return on the market index is 13%.
Answers (1)
Jeremy is considering forms of business organization, including the limited liability company (LLC), for his concessions business-Kettle Popt-Korn. Most states require that an LLC have
Answers (1)
is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being inspected into the product at the end of the production
Answers (1)
Which interest group in the united states is more likely to depend on demonstrations and other non traditional strategies of influence?
Answers (1)
Home » Business » The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment?
Sign Up Forgot Password?