O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2022 · Q211 Mark
What is the definition of the unemployment rate?
Athe benefits and allowances paid by the government to people without a job
Bthe number of people without a job but seeking a job as a percentage of the labour force
Cthe rate of change in the number of people who have not worked over the last year
Dthe total number of people not working when the data was calculated
✓ Correct answer
B: the number of people without a job but seeking a job as a percentage of the labour force
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