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Questions and Answers
What is the definition of 'household income'?
What is the definition of 'household income'?
- The income of a single individual living in a household
- The income generated from investments in a household
- The total income of all people living in a particular household (correct)
- The income of the head of the family in a household
How is per capita income calculated?
How is per capita income calculated?
- By summing up all sources of income in a household
- By dividing the total household income by the number of dependents
- By taking the average income of all individuals in a household
- By dividing the aggregate income by the total population of an economic unit (correct)
What does the dependency ratio measure?
What does the dependency ratio measure?
- The average age of individuals in a household
- The number of working people in a population
- The number of dependents in relation to the working-age population (correct)
- The total income generated by retirees in a country
Why is a high dependency ratio concerning for an economy?
Why is a high dependency ratio concerning for an economy?
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In what scenario would a single dwelling be considered to contain multiple households?
In what scenario would a single dwelling be considered to contain multiple households?
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'Per capita income' is also known as:
'Per capita income' is also known as:
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What does the youth dependency ratio represent?
What does the youth dependency ratio represent?
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What are some factors influencing a person's chances of employment?
What are some factors influencing a person's chances of employment?
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What is one impact of unemployment on the local community?
What is one impact of unemployment on the local community?
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How can high unemployment levels affect the economy?
How can high unemployment levels affect the economy?
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What tends to happen to the health of unemployed individuals compared to those employed?
What tends to happen to the health of unemployed individuals compared to those employed?
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How has the level of unemployment changed since the early 1980s recession?
How has the level of unemployment changed since the early 1980s recession?
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