The table below shows selected labour market data for an economy:
| Category | Number of people (millions) |
|---|---|
| Total population of working age (16–64) | 32.0 |
| Economically inactive of working age | 8.0 |
| Employed (full-time and part-time) | 21.0 |
| Claimants of unemployment-related benefits | 1.8 |
Based on the data provided, what is the economy's unemployment rate as measured by the Labour Force Survey (LFS) / ILO method?
7.50%7.50\%7.50%
9.38%9.38\%9.38%
12.50%12.50\%12.50%
25.00%25.00\%25.00%
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.