Economics · Oct / Nov 2022 · Paper 12 · Question 21
2281Employment and unemployment
What is the definition of the unemployment rate?
- Athe benefits and allowances paid by the government to people without a job
- Bthe number of people without a job but seeking a job as a percentage of the labour force
- Cthe rate of change in the number of people who have not worked over the last year
- 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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