Unemployment

Which of the following is NOT a characteristic of being unemployed?

• Working only 5 hours a week (or less)

• Willing and able to work

• Aged over 15

• NOT a full time student

The UNEMPLOYMENT RATE is :

• The percentage of the population who are unemployed

• The percentage of the population aged 15-65 that are unemployed

• The percentage of the labour force that are unemployed

• The percentage of full time workers who are unemployed

Which of the following best measures 'UNDEREMPLOYMENT'?

• The unemployment rate

• The participation rate

• The underutilization rate

• The rate of economic growth

'Underemployment' refers to ...

• People who want to work but cannot find work

• People who are working less hours than they would like

• People who are underpaid

• People who have given up looking for work

Which of the following best measures 'Hidden Unemployment'?

• The participation rate

• The unemployment rate

• The number of part time vs full time workers

• The level of wages

'Hidden Unemployment' refers to ...

• Workers who are not being paid properly

• People who have given up looking for work and are not therefore counted as being 'unemployed'

• The high rate of youth unemployment

• People who work in a volunteer capacity

Which of the following is FALSE with respect to 'frictional unemployment'

• Frictional Unemployment can be 0% at times

• Frictional Unemployment is highest during a recession

• Frictional unemployment is actually good for the economy in the long run

• Frictional unemployment is not something the government tries to reduce

What type of unemployment is at 0% during a boom?

• Overall unemployment

• Frictional Unemployment

• Hard Core Unemployment

• Cyclical Unemployment

'Zero unemployment' refersto an unemployment rate of

• 0%

• 3%

• 4.5%

• 6%

Which type of unemployment is linked to aggregate demand (and is also called 'demand derived unemployment')

• Cyclical

• Structural

• Frictional

• Seasonal