Gce Model Questions Vol1 2020 Economics Question 26
Practice objective / multiple choice question 26 from the 2020 Gce Model Questions Vol1 Economics examination.
In Country X the labour force is 20 million and the number of people employed is 15 million. In addition, there are 1 million discouraged workers who are not counted as part of the labour force, and 0.5 million part‑time workers who would like to work full‑time. The expanded unemployment rate is defined as \(\frac{\text{unemployed}+\text{discouraged}+\text{under‑employed}}{\text{labour force}+\text{discouraged}}\times100\%\). Calculate the expanded unemployment rate to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2020 Economics Question 26. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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