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Questions and Answers
What is the unemployment rate?
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?
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?
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?
Which economic cost is associated with unemployment?
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What is underemployment in an economy?
What is underemployment in an economy?
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