Which statement best explains why the federal government collects statistics on unemployment?
A
The statistics are used to determine the rate of inflation.

B
The statistics are used to influence decisions related to the economy.

C
The statistics are needed to determine market prices of essential products.

D
The statistics are used by manufacturers to make production decisions.

Respuesta :

The statement which best explains why the federal government collects statistics on unemployment is option B

What is unemployment?

Unemployment can be defined as an economic situation in which people who are willing and able to work do not get suitable employment.

The types of unemployment are:

  • Frictional unemployment
  • Cyclical unemployment
  • Underemployment
  • Structural unemployment
  • Seasonal unemployment

Therefore the answer is "The statistics are used to influence decisions related to the economy".

Learn more about unemployment:

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