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Paper 3 · Population and Labour

A country's labour force is 5 000 000 people and 750 000 of them are unemployed. Calculate the unemployment rate as a percentage.

Model answer

15

Also accepted: 15%, 15.0, 15 percent

Explanation: The unemployment rate is the number unemployed divided by the labour force, times 100. So 750 000 divided by 5 000 000 is 0,15, which is 15 percent.

Derived from ZIMSEC Economics 4050/3 Paper 3, June 2023, Q2

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