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Questions and Answers
What is the definition of unemployment according to the OECD?
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?
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?
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?
How can the status of the economy be influenced?
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What can influence the availability and cost of money in a country?
What can influence the availability and cost of money in a country?
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