10 Questions
What does a high labour force participation rate indicate?
High labour force participation rate indicates that most people are participating in the labour market.
Explain why the unemployment rate might increase over time.
The unemployment rate may increase over time due to factors like economic growth, population growth, and increasing LFPR rates.
What is the formula for calculating the unemployment rate?
Unemployment Rate (UR) = (Number of unemployed persons / Labour force) * 100
Why does the international definition of unemployment rate exclude discouraged job seekers?
The ILO excludes discouraged job seekers from the calculation to provide a more accurate but slightly lower rate of unemployment.
How is the employment rate calculated?
Employment Rate (ER) = (Number of employed persons / Relevant population) * 100
What does a low employment rate indicate about a country?
A low employment rate indicates that the country is not creating enough jobs or that many people lack relevant skills for employment.
How does economic growth impact the labour force participation rate?
Economic growth can lead to an increase in the labour force participation rate.
What is the significance of population growth in relation to LFPR?
Population growth can contribute to an increase in LFPR over time.
Explain why Botswana uses the international definition to calculate its unemployment rate.
Botswana uses the international definition to calculate UR because it provides a more standardized and comparable measure of unemployment.
What does the employment rate measure?
The employment rate measures the ability of a country to create jobs and the percentage of employed persons in the relevant population.
Test your knowledge on labour market participation including concepts such as actively-seeking work, discouraged job seekers, and economically inactive individuals. This quiz covers topics like labour force surveys, different categories of economically inactive individuals, and factors affecting labour market participation.
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