Ch 4.2 : Unemployment
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Questions and Answers

What is the Economically Active Population (EAP) in South Africa?

  • Only individuals who are employed in the formal sector
  • All individuals over 16 who are either employed or actively seeking employment (correct)
  • All individuals who have completed their tertiary education
  • All individuals over 65 who are employed

    • What is the formula for calculating the unemployment rate?

  • Number of unemployed individuals divided by the total EAP, multiplied by 100 (correct)
  • Number of employed individuals divided by the total population
  • Number of employed individuals divided by the total EAP, multiplied by 100
  • Number of unemployed individuals divided by the total population

    • What type of unemployment occurs when individuals switch jobs or enter the workforce?

  • Frictional Unemployment (correct)
  • Structural Unemployment
  • Cyclical Unemployment
  • Seasonal Unemployment

    • Which of the following is a characteristic of unemployment in South Africa?

    <p>Lack of skills in the population</p> Signup and view all the answers

    What typically results in reduced demand for goods and services?

    <p>Economic downturns</p> Signup and view all the answers

    What is a cause of unemployment in South Africa?

    <p>Population growth rate surpassing job creation</p> Signup and view all the answers

    What is a result of industrial reorganization in South Africa?

    <p>Structural Unemployment</p> Signup and view all the answers

    What is a direct consequence of high unemployment rates?

    <p>Poverty</p> Signup and view all the answers

    Which age group faces high unemployment rates in South Africa?

    <p>16-24 years old</p> Signup and view all the answers

    Which of the following approaches focuses on acquiring skills urgently needed in the market?

    <p>JIPSA</p> Signup and view all the answers

    What is the primary goal of Public Works Programs?

    <p>To create jobs and develop skills</p> Signup and view all the answers

    What is a historical reason for unemployment in South Africa?

    <p>Policies from the apartheid era</p> Signup and view all the answers

    What provides temporary financial assistance to qualified individuals who have lost their jobs?

    <p>Unemployment Insurance Fund (UIF)</p> Signup and view all the answers

    What is a consequence of mechanization and technological advancements in South Africa?

    <p>Redundancy of many traditional jobs</p> Signup and view all the answers

    Which groups have historically had lesser economic opportunities and face higher risks of unemployment?

    <p>Economically marginalised groups</p> Signup and view all the answers

    What is a type of unemployment associated with the economic cycles?

    <p>Cyclical Unemployment</p> Signup and view all the answers

    What is a key component of addressing unemployment in South Africa?

    <p>Multifaceted approach</p> Signup and view all the answers

    What is a result of increased unemployment rates?

    <p>Increased government expenditure on social welfare</p> Signup and view all the answers

    What is essential for job creation and economic diversity?

    <p>Support for Small and Medium Enterprises (SMMEs)</p> Signup and view all the answers

    What is the primary focus of the promotion of local production?

    <p>To support local businesses and job creation</p> Signup and view all the answers

    What is a significant social problem resulting from high unemployment rates?

    <p>Increased crime</p> Signup and view all the answers

    What is the primary goal of government programs and initiatives aimed at solving unemployment?

    <p>To promote economic growth and reduce unemployment</p> Signup and view all the answers

    Which of the following is NOT a characteristic of the Unemployment Insurance Fund (UIF)?

    <p>Covers those who have never been employed</p> Signup and view all the answers

    What is a key component of addressing unemployment in South Africa?

    <p>Education reform and skills development</p> Signup and view all the answers

    What is a direct consequence of job cuts in an economic downturn?

    <p>Reduced demand for goods and services</p> Signup and view all the answers

    What is the primary focus of the promotion of local production?

    <p>To support local businesses and job creation</p> Signup and view all the answers

    Which groups face higher risks of unemployment?

    <p>Historically disadvantaged groups</p> Signup and view all the answers

    What is a result of increased unemployment rates?

    <p>Increased social welfare expenditure</p> Signup and view all the answers

    What is essential for addressing unemployment in South Africa?

    <p>A multifaceted approach that includes education reform, skills development, and targeted social policies</p> Signup and view all the answers

    What is a consequence of high unemployment rates?

    <p>Social problems, including substance abuse and familial stress</p> Signup and view all the answers

    What is the primary effect of a lack of skills on unemployment in South Africa?

    <p>It creates a mismatch between the skills of the workforce and the jobs available.</p> Signup and view all the answers

    Which of the following is a characteristic of cyclical unemployment?

    <p>It is associated with the economic cycles.</p> Signup and view all the answers

    What is the primary consequence of population growth outpacing job creation?

    <p>An increase in unemployment rates.</p> Signup and view all the answers

    What is the impact of mechanization and technological advancements on traditional jobs?

    <p>They make many traditional jobs redundant.</p> Signup and view all the answers

    What is a historical reason for the lack of skills in the South African workforce?

    <p>Policies from the apartheid era.</p> Signup and view all the answers

    What is the primary consequence of seasonal unemployment on a particular industry?

    <p>It causes fluctuations in employment levels throughout the year.</p> Signup and view all the answers

    What is the primary impact of industrial reorganization on the workforce?

    <p>It leads to an increase in structural unemployment.</p> Signup and view all the answers

    What is the primary reason for high unemployment rates among young people in South Africa?

    <p>A lack of skills and experience.</p> Signup and view all the answers

    What is the impact of a lack of skills on the economy?

    <p>It reduces the competitiveness of the economy.</p> Signup and view all the answers

    What is the primary consequence of high unemployment rates on society?

    <p>It has a wide-ranging impact on society.</p> Signup and view all the answers

    What is the primary consequence of high unemployment rates on the taxpayer?

    <p>Increased government expenditure on social welfare</p> Signup and view all the answers

    Which of the following initiatives does NOT focus on acquiring skills urgently needed in the market?

    <p>GEAR and ASGI-SA</p> Signup and view all the answers

    What is a direct consequence of job cuts in an economic downturn?

    <p>Increased unemployment rates</p> Signup and view all the answers

    Which of the following groups is NOT economically marginalised?

    <p>Small and Medium Enterprises (SMMEs)</p> Signup and view all the answers

    What is the primary goal of government programs and initiatives aimed at solving unemployment?

    <p>Halving poverty and unemployment by targeted years</p> Signup and view all the answers

    What is a consequence of high unemployment rates on society?

    <p>Increased social problems</p> Signup and view all the answers

    Which of the following is a characteristic of the Unemployment Insurance Fund (UIF)?

    <p>Provides temporary financial assistance to qualified individuals who have lost their jobs</p> Signup and view all the answers

    What is essential for job creation and economic diversity in South Africa?

    <p>Support for Small and Medium Enterprises (SMMEs)</p> Signup and view all the answers

    What is a result of mechanization and technological advancements in South Africa?

    <p>Increased unemployment rates</p> Signup and view all the answers

    What is a key component of addressing unemployment in South Africa?

    <p>Education reform and skills development</p> Signup and view all the answers

    What is the primary reason why the unemployment rate in South Africa is not a definitive measure of the country's unemployment problem?

    <p>It does not account for discouraged workers.</p> Signup and view all the answers

    Which of the following is a consequence of both frictional unemployment and structural unemployment?

    <p>Mismatch between job seekers' skills and available jobs.</p> Signup and view all the answers

    What is the primary difference between cyclical unemployment and seasonal unemployment?

    <p>Cyclical unemployment is caused by economic cycles, while seasonal unemployment is caused by changes in weather patterns.</p> Signup and view all the answers

    What is the primary way in which the lack of skills in the South African workforce contributes to unemployment?

    <p>It creates a mismatch between job seekers' skills and available jobs.</p> Signup and view all the answers

    What is the primary consequence of population growth outpacing job creation in South Africa?

    <p>Increased competitiveness for available jobs.</p> Signup and view all the answers

    What is the primary reason why mechanization and technological advancements lead to unemployment in South Africa?

    <p>They reduce the demand for labor.</p> Signup and view all the answers

    What is the primary consequence of historic reasons for unemployment in South Africa?

    <p>Disparities in education and skill distribution.</p> Signup and view all the answers

    What is the primary way in which the government's measures to mitigate unemployment can address the issue of structural unemployment?

    <p>By providing training programs to upskill workers.</p> Signup and view all the answers

    What is the primary consequence of a lack of skills on the economy in South Africa?

    <p>Reduced economic growth and increased unemployment rates.</p> Signup and view all the answers

    What is the primary way in which age-related unemployment is linked to the lack of skills in South Africa?

    <p>Young people lack experience, making it harder to find employment.</p> Signup and view all the answers

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