Understanding Unemployment and Full Employment Concepts
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the unemployment rate?

  • The number of unemployed people divided by the total population
  • The number of unemployed people divided by the number of employed people
  • The number of unemployed people divided by the working-age population
  • The number of unemployed people divided by the labour force times 100 (correct)
  • Which term refers to those who are technically unemployed but are not included in the official unemployment measurement?

  • Claimant count
  • Full Employment
  • Hidden Employment (correct)
  • Underemployment
  • What are some personal costs associated with unemployment?

  • Higher self-esteem
  • Improved family relationships
  • Increased income to individuals
  • Stress, low self-esteem, poverty (correct)
  • Which economic cost is associated with unemployment?

    <p>Loss of GDP</p> Signup and view all the answers

    What is underemployment in an economy?

    <p>The underutilization of labor resources which limits productivity</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser