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1.1 Economic methodology and the economic problem

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Question 77

Based on the data below, which one of the following is a positive statement?

Unemployment Rate in Region X (2018–2022)

YearUnemployment Rate (%)
20188.5
20197.8
20206.4
20215.2
20224.5

Reducing unemployment to below 5% should be the government's primary macroeconomic target.

Between 2018 and 2022, the percentage of the workforce without a job in the region decreased.

The standard unemployment rate is the most accurate indicator of a nation's economic health.

The regional authority ought to increase welfare benefits to support those who remain unemployed.

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem