Economics 9708 · AS & A Level · Monopolistic competition

Monopolistic competition — practice question

The table presents a country’s employment figures. Population of working age: 100 million; number in employment: 60 million; number unemployed: 4 million. What are the participation rate and the unemployment rate?

  • Aparticipation rate 60%; unemployment rate 4.0%
  • Bparticipation rate 60%; unemployment rate 6.25%
  • Cparticipation rate 64%; unemployment rate 4.0%
  • Dparticipation rate 64%; unemployment rate 6.25%

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI