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Term 2 Week 3 Revision Quiz

Authored by Terry Liang

Business

10th Grade

Used 1+ times

Term 2 Week 3 Revision Quiz
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different ways in which people can be unemployed?

Voluntary and involuntary

Temporary and permanent

Full-time and part-time

Urban and rural

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is unemployment calculated?

By counting the number of people without jobs

By surveying households

By calculating the percentage of the labour force that is unemployed

By government estimates only

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can you outline about the different categories of unemployment?

Cyclical, frictional, and structural

Urban, rural, and suburban

Voluntary, involuntary, and temporary

Economic, demographic, and geographic

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can be affected by unemployment?

Only unskilled workers

Only skilled workers

Only new graduates

Anyone in the workforce

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does unemployment refer to in economic terms?

The condition of having a job and looking for a better one.

The state of being retired from work.

The situation where someone is available and actively seeking work but does not have a paid job.

The process of hiring employees in a company.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are included in the 'not in the labour force' category as per the diagram?

Employed part-time and full-time

Unemployed individuals looking for jobs

Retired individuals and those not looking for work due to other reasons

Working-age population

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the unemployment rate measure in an economy?

The total number of people in the country

The percentage of people who are overqualified for their jobs

The measure of spare capacity

The growth rate of the economy

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