Household, Income, and Employment Patterns Quiz

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What is the definition of 'household income'?

The total income of all people living in a particular household

How is per capita income calculated?

By dividing the aggregate income by the total population of an economic unit

What does the dependency ratio measure?

The number of dependents in relation to the working-age population

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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