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Economics · Oct / Nov 2022 · Paper 12 · Question 21

2281Employment and unemployment

What is the definition of the unemployment rate?

  1. Athe benefits and allowances paid by the government to people without a job
  2. Bthe number of people without a job but seeking a job as a percentage of the labour force
  3. Cthe rate of change in the number of people who have not worked over the last year
  4. Dthe total number of people not working when the data was calculated

As printed in the paper

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Correct answer: B. the number of people without a job but seeking a job as a percentage of the labour force

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