Unemployment - Key terms

Unemployment - Key terms

12th Grade

11 Qs

quiz-placeholder

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Unemployment - Key terms

Unemployment - Key terms

Assessment

Quiz

Other

12th Grade

Hard

Created by

Trystan Colley

Used 4+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Using Fig.2, calculate Germany's unemployment rate in 2014. 

1%

2.5%

4.75%

5%

6.5%

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

There are 125,000 people in Hamiltonia. Of these, 25,000 are children. There are 50,000 people employed and 30,000 people unemployed.

80%

64%

20%

50%

30%

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If unemployed workers decide to stop looking for a job and instead enroll in further education, how will the number of employed workers and the unemployment rate change?

The number of employed workers does not change; the unemployment rate decreases.

The number of employed workers does not change; the unemployment rate does not change.

The number of employed workers increases; the unemployment rate decreases.

The number of employed workers decreases; the unemployment rate increases.

The number of employed workers does not change; the unemployment rate increases.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A country has a total population of 900,000 million people:


Children 0-15 years old - 200,000

Employed - 325,000

Unemployed 25,000

Discouraged adult workers 50,000

Full-time students over 15 - 100,000

Retired individuals - 100,000

Stay-at-home parents and other non-working civilians over 16. -100,000.


What is the country's labour force participation rate (LFPR)?

80%

41%

50%

32.5%

35%

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a reason that the official unemployment rate can understate the actual unemployment situation in an economy.

Noncitizens are not counted in the labour force.

Part-time workers are not counted as employed.

Discouraged workers are not in the labour force.

Underemployed workers are counted as unemployed.

Unemployed workers looking for work are not in the labour force.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sam was out of a job for a year. He recently gave up looking for work because there were no jobs available.


Which of the following best describes the effect of Sam exiting the labour market?

The unemployment rate decreases

The unemployment rate will not change

The size of the eligible population decreases

The labour force participation rate increases

The unemployment rate increases

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is the correct interpretation of an unemployment rate of 4%

Four percent of the population is in the labour force.

4% of the population is out of work and looking for work.

For percent of the population has given up looking for work.

4% of the population is looking for work.

4% of the labour force is out of work and looking for work.

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