AS Paper 2, June 2017The UK Economy – Performance and Policies
AS Paper 2, June 2017, Q2(a)
With reference to the statement above, explain the term ‘under-employment’.
Short answerExplain3 marks
Context
Between 2008 and 2014 the number of people in the UK looking to work longer hours and therefore receive more total pay increased from 76 482 to 142 788. Over the same period the unemployment rate fell to 5.7%.