Household, Income, and Employment Patterns Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>It implies a greater burden on those of working age to support the aging population</p> Signup and view all the answers

    In what scenario would a single dwelling be considered to contain multiple households?

    <p>When living space or meals are not shared</p> Signup and view all the answers

    'Per capita income' is also known as:

    <p>Mean income per person</p> Signup and view all the answers

    What does the youth dependency ratio represent?

    <p>The percentage of people under 15 in a population</p> Signup and view all the answers

    What are some factors influencing a person's chances of employment?

    <p>Educational qualifications and ethnicity</p> Signup and view all the answers

    What is one impact of unemployment on the local community?

    <p>Social alienation among youth</p> Signup and view all the answers

    How can high unemployment levels affect the economy?

    <p>Result in idle labor and damage the economy</p> Signup and view all the answers

    What tends to happen to the health of unemployed individuals compared to those employed?

    <p>Unemployed individuals generally have worse health</p> Signup and view all the answers

    How has the level of unemployment changed since the early 1980s recession?

    <p>Gradually declined</p> Signup and view all the answers

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