Table 1 shows labour-market information collected... | Economics 9214 | Paper 2 Mock 01 | Written Paper 2

Question 1 Report

Table 1 shows labour-market information collected by the statistics office of Elmar in June 2022.

(a) What is meant by unemployment? [1]
(b) Use Table 1 to state the labour force. [1]

Answer

Answer Details

(a) Unemployment refers to people who are able and willing to work, are actively seeking work, but do not have a job. [1]

(b) The labour force includes people employed and people unemployed who are seeking work. It excludes retired people and those not seeking work.

\[1840\text{ thousand}+160\text{ thousand}=2000\text{ thousand}\]

The labour force is 2000 thousand people, or 2 million people. [1]

Table 1 shows labour-market information collected by the statistics office of Elmar in June 2022. Group Number of people (thousand) Employed 1 840 Unemploye...