Answer:
The correct answer is option D.
Explanation:
All the above statement regarding the unemployment rate is true. The unemployment rate can be defined as the rate of people in the labor force who are willing to work and are not able to find work.
The rate of unemployment can not be zero. There is a certain level of unemployment existing all the time in an economy. If we try to reduce this rate, it will lead to increase in inflation.
This rate of unemployment can be calculated by the ratio of total unemployed persons and total labor force.
