SSEMA1e

Front

When individuals lose jobs due to fall in aggregate demand, often during an economic recession.

Back

Cyclical Unemployment

Front

Individuals are unemployed due to a lack in skills that modern industries need, change in technology.

Back

Structural Unemployment

Front

When an individual is unemployed because they are looking for a new job.

Back

Frictional Unemployment

Front

When individuals are unemployed due to a change in season, e.g. Santa Claus after christmas.

Back

Seasonal Unemployment

Front

Sum of the employed and the unemployed

Back

Labor Force

Front

If operators are fired and replaced with computer technology, the operators would be considered

Back

structurally unemployed

Front

Which of these people is officially unemployed: A secretary who took 6 months off for maternity leave, An aspiring actress who waits tables but would rather act, Maid who got fired and will start a new job in 2 weeks, A student who only works 4 hours a week in the library?

Back

Maid who got fired and will start a new job in 2 weeks

Front

Which of the following best defines unemployment? The state of being able to work and actively seeking work, but unable to find employment, The state of being able to work, but choosing not to, The percentage of the labour force that is able and actively seeking work, but cannot find employment, The total number of people who do not work

Back

The state of being able to work and actively seeking work, but unable to find employment

Front

If auto workers lose their jobs as the industry becomes far more technically intensive and capital intensive, what form of unemployment occurs?

Back

Structural

Front

Which area is NOT part of GDP: Consumer sector, Business Sector, Government Sector, Private Sector

Back

Private Sector