Unemployment and Labor Force Statistics Quiz
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Questions and Answers

What is the definition of unemployment according to the OECD?

  • People above 20 not in paid employment or self-employment but available for work
  • People above 15 not in paid employment or self-employment but available for work (correct)
  • People above 18 not in paid employment or self-employment but available for work
  • People above a specified age not in paid employment or self-employment but available for work
  • How is unemployment measured?

  • By the total number of people employed
  • By the unemployment rate as a percentage of the labour force (correct)
  • By the number of people available for work
  • By the number of people not in paid employment
  • What are some sources of unemployment mentioned in the text?

  • Climate change and environmental policies
  • Population growth and urbanization
  • New technologies and inventions (correct)
  • Social media and internet usage
  • How can the status of the economy be influenced?

    <p>By fiscal policy and monetary policy</p> Signup and view all the answers

    What can influence the availability and cost of money in a country?

    <p>Monetary policy</p> Signup and view all the answers

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