Th2.1: Rates Flashcards
1
Q
Who are the economically active?
A
employed and unemployed
2
Q
How is someone economically active?
A
they are engaged in labour market and are people employers can recruit
3
Q
Who are the workless?
A
unemployed and inactive
4
Q
Employment rate defenition?
A
percentage of the population of working age who are employed
5
Q
Unemployment rate definition?
A
percentage of the economically active who are employed
6
Q
Define active/participation rate
A
percentage of the population of working age who are economically active
7
Q
Define inactivity rate
A
percentage of the population of working age who are inactive
