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
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.