Questions and Answers
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?
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In what scenario would a single dwelling be considered to contain multiple households?
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'Per capita income' is also known as:
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What does the youth dependency ratio represent?
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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?
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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?
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How has the level of unemployment changed since the early 1980s recession?
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