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3.2 Low unemployment

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Question 7

In September, a small island economy recorded the following labour market data.

Labour market measureNumber of people
Employed468,000
Unemployed32,000

Calculate the unemployment rate for the island economy.

[3]
Markscheme

3.2 Low unemployment Questions

  1. GCSE
  2. /Economics
  3. /3.2 Low unemployment

65 exam-style questions on OCR GCSE Economics 3.2 Low unemployment, covering 3.2.1 Employment and unemployment, 3.2.2 Measuring unemployment, 3.2.3 Calculate the unemployment rate, 3.2.4 Analyse unemployment figures, 3.2.5 Types of unemployment, and 3.2.6 Causes and consequences of unemployment. Each one has a worked solution and a mark scheme showing where the marks go.

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