Types of unemployment

Which of the following is applicable to the economic concept of unemployment

• It is a stock concept

• The unemployed are those not in work but are actively seeking work

• The number of unemployed is measured at a point in time

• The labour force excludes those who are considered to be inactive

Identify the correct definition of the unemployment rate

• The number of those in work as a percentage of the population of working age people

• The number of those unemployed as a percentage of the population of working age people

• The number of those unemployed as a percentage of the labour force

• The number of those not in work and unemployed as a percentage of the population of working age people

Which of the following is not an example of supply-side unemployment

• Frictional

• Seasonal

• Cyclical

• Structural

Which of the following occupations might be subject to seasonal unemployment

• Agricultural labourers

• Bus drivers

• Landscape gardeners

• Operations manager in a frozen food factory

Which of the following might solve the problem of regional unemployment?

• Making cheap rented accommodation available in areas with low unemployment and many unfilled job vacancies

• Making cheap rented accommodation available in areas of high unemployment

• Giving grants to firms to set up in areas of low unemployment

• Building more vocational training colleges in areas of high employment

What does YF minus Y1 represent in the graph

• Full employment

• Cyclical unemployment

• Supply-side unemployment

• Voluntary unemployment

Real wage unemployment may be caused by which of the following

• Minimum wage legislation

• Generous welfare payments

• Geographical immobility

• Powerful trade unions

What was the most recent UK rate of unemployment (before the coronavirus pandemic forced the government to declare social distancing)

• 14.7%

• 1.47%

• 47%

• 4.7%

Which of the following is most likely to occur during a period of low unemployment?

• Investment in new technology by businesses

• Government will abolish minimum wage

• Rapid wage inflation

• Rapid rise in trades union membership

What would happen if there was a significant fall in the number of frictional, seasonal and structurally unemployed workers?

• There would be a leftward shift in the LRAS curve

• There would be a movement along the PPF

• There would be a shift to the left of the PPF

• There would be a rightward shift in the LRAS