UNEMPLOYMENT IN SINGAPORE

Unemployment is the situation when there is a?

• a loss in income, due to excessive government expenditure

• Individuals who are willing and able to work, but are unable to find suitable jobs.

• Paid workers leave their jobs to focus on full-time volunteer work.

• A person who is currently not working, due to structural changes

This statement is known as short-term or temporary unemployment in which people have the freedom to enter the labor market the find jobs that match their skills. Based on the statement, which is true refers to the type of unemployment?

• Seasonal unemployment

• Structural unemployment

• .Frictional unemployment

• Classical unemployment

Which is following below is incorrect about the population in Singapore:

• Total population

•        Permenant resident population

•       Non-resident population

•       Resident population

. List three impacts of covid-19 on unemployment in Singapore

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Choose two monetary policy that can be used to reduce unemployment in the country Singapore

• Lowering the interest rate

• Offer financial and sectoral assistance

• decrease taxes in income taxes

• increase the required reserve ratio