Economics 9708 · AS & A Level · Monopolistic competition

Monopolistic competition — practice question

The table presents figures for an economy’s labour market. number of people of working age 42.7 million; number of people of working age who are actively seeking work, but are not working 2.2 million; number of people of working age who are not actively seeking work 9.4 million. What is the economy’s percentage employment rate, to the nearest whole number?

  • A5%
  • B23%
  • C73%
  • D95%

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