5 Questions
What is the definition of unemployment according to the OECD?
People above 15 not in paid employment or self-employment but available for work
How is unemployment measured?
By the unemployment rate as a percentage of the labour force
What are some sources of unemployment mentioned in the text?
New technologies and inventions
How can the status of the economy be influenced?
By fiscal policy and monetary policy
What can influence the availability and cost of money in a country?
Monetary policy
Test your knowledge of unemployment and labor force statistics with this quiz! Explore key concepts such as the measurement of unemployment rates and the definition of the labor force according to the OECD.
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