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2.1.3 Employment and unemployment

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Question 4

In a country with a working-age population of 40 million, 24 million individuals are currently employed, and 1.5 million are unemployed and actively seeking work. The remaining individuals are classified as economically inactive.

Following a change in welfare eligibility criteria, 1.0 million of the economically inactive individuals begin actively searching for employment, but have not yet secured jobs.

Assuming no other changes in the labor market, what is the country's new unemployment rate (to one decimal place)?

A

5.9%5.9\%5.9%

B

6.3%6.3\%6.3%

C

9.4%9.4\%9.4%

D

9.8%9.8\%9.8%

Markscheme

2.1.3 Employment and unemployment Questions

  1. A Level
  2. /Economics
  3. /2.1.3 Employment and unemployment

47 exam-style questions on Edexcel A A Level Economics 2.1.3 Employment and unemployment. Each one has a worked solution and a mark scheme showing where the marks go.

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