Economics 9708 · AS & A Level · Monopolistic competition

Monopolistic competition — practice question

For 2020 in a country, the unemployment rate for the 16–64 age group who were seeking work was 4.0%. Over the same period, the employment rate for this group was 76.6%. What conclusion can be drawn from this?

  • A19.4% of the economy is working illegally.
  • B23.4% of the age group is economically inactive.
  • C80.6% of the age group is economically active.
  • DThe data is inaccurate.

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