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Home
Business
Key terms
Unemployment rate

GCSE Business · key term

Unemployment rate

Definition

The number of unemployed people as a percentage of those working or looking for work.

Used by Edexcel

How each exam board covers it

Edexcel GCSE Business · 1BS0

Specification 1.5.4 · Paper 1

The unemployment rate measures unemployed people as a percentage of those working or looking for work.
Revise: The Economy and Business

Edexcel Business past papers

Related key terms

Appreciation
Corporation tax
Depreciation
Direct tax
Disposable income
Economic climate
Exchange rate
Export
Import
Indirect tax

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