Question 9
MediumOriginal questionA survey of a village gives these figures:
| Item | Number |
|---|---|
| Population | 1,000 |
| People working (the workforce) | 380 |
| People without work and seeking work | 20 |
| Workers who are self-employed | 190 |
| Workers in regular salaried jobs | 76 |
| Workers who are casual wage labourers | 114 |
Using the survey, what is the village's unemployment rate?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Unemployment rate = unemployed ÷ labour force × 100 = 20 ÷ 400 × 100 = 5%.
Worth noting
2% divides by the whole population; the rate is measured on the labour force.
- Concept
- Unemployment rate
- Typical timeTypical
- 70 s
- Your timeYours
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