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3.2.3 Calculate the unemployment rate

Card 1 of 24

What is the denominator in the unemployment-rate calculation?

A

It increases.

B

The labour force.

C

The stated period.

D

The unemployment rate is unemployed people as a percentage of the labour force.

Card 1 of 24

3.2.3 Calculate the unemployment rate Flashcards

  1. GCSE
  2. /Economics
  3. /3.2.3 Calculate the unemployment rate

24 flashcards on OCR GCSE Economics 3.2.3 Calculate the unemployment rate: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards