28 Questions
Which country has the highest population in the EU27 as of January 1st, 2022?
Germany
Which of the following best describes the Gini coefficient?
A measure of statistical dispersion used to measure income inequality across individuals within a country.
What does a zero value for the Gini coefficient imply?
Perfect equality, all individuals have the same level of income.
Which country had the highest increase in the Gini coefficient between 2012 and 2018?
Bulgaria
What is the replacement level for total fertility rate in developed world countries?
2.1 live births per woman
Which two countries experienced the biggest decreases in population percentage from 2011 to 2021?
Latvia and Lithuania
What is net migration according to the World Bank metadata glossary?
The difference between the number of immigrants and the number of emigrants during a given period of time
What is the reason for the bulge in the middle of the EU-27 population pyramid for 2019?
Falling fertility rates
What does the lengthening of the bars for the upper age group in the EU-27 population pyramid for 2050 indicate?
Increased longevity
Which country has a population pyramid that is more similar to the EU pyramid than that of the world?
China
What is the economic impact of migrations according to the text?
Less productive jobs are abandoned
What is the relationship between the collective supply curve and the individual supply curve?
The collective supply curve is above the individual supply curve
What is the effect of severe labor market rigidities on unemployment and inequality with regards to trade integration?
Unemployment and inequality are likely to rise
What is the necessary condition for sigma-convergence according to growth theory?
Beta-convergence
What does measuring sigma-convergence across EU27 member states reveal about income inequality?
Income inequality across countries is decreasing
Which of the following statements is true about the percentage of foreign citizens in the EU?
Foreign citizens account for 8.4% of the total population in the EU
Which of the following is true about labour markets in the EU?
Labour markets are less integrated than those in the US and governed by country-specific legislations
Which of the following is a reason for involuntary unemployment in the EU?
Regulated wage contracts
Which country in the EU has the highest unemployment rate according to the text?
Greece
What is opportunity cost?
The loss of potential gain from other alternatives when one alternative is chosen
What is the main determinant of emigration according to the text?
Wage differentials between regions of origin and destination
According to Eurostat regional yearbook, what is the definition of ageing population?
The ratio between the number of people aged 20-64 years per person aged 65 years or more
What are the implications of an ageing population?
Decreased government revenues
What is the age dependency ratio?
An age-population ratio of those typically not in the labour force and the population of working age
What is the projected old-age dependency ratio in the EU by 1 January 2050?
56.7%
What are the two basic effects of emigration on wages and efficiency?
A decrease in wage differentials and an increase in labour productivity
What are some of the negative externalities that could arise from immigration, as mentioned in the text?
Decrease in wages in the host country, social conflicts, security, discrimination
What are some of the potential redistributive effects of immigration on public finances in host countries, according to the text?
Positive effects if immigrants are high-skilled individuals with high wages
Test your knowledge on the relationship between wage rigidity and labour market fluctuations, as well as the effects of trade integration on wages. Learn about how the collective supply curve differs from individual supply curves, and how involuntary unemployment can be impacted by cyclical variations. This quiz will challenge your understanding of labour market dynamics and economic principles.
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