DP2 Econ Unemployment

1. What is the definition of unemployment?

• People not seeking work
• People of working age without work, available for work, and actively seeking employment
• People working part-time
• People in education

2. The unemployment rate is expressed as a percentage of?

• The total population
• The employed workforce
• The total labour force
• The number of job openings

3. Which of the following is not a difficulty in measuring unemployment?

• Underemployment
• Frictional unemployment
• Discouraged workers
• Hidden unemployment

4. What is underemployment?

• People not working at all
• People working part-time but wanting full-time
• People with adequate job satisfaction
• Retired workers

5. Who are discouraged workers?

• People who have given up on finding a job due to long-term unemployment
• Part-time workers
• Workers switching jobs
• Recently graduated students

6. Which of these factors complicates measuring unemployment due to seasonal fluctuations?

• Regional variations
• Hidden unemployment
• Seasonal employment
• Cyclical unemployment

7. Hidden unemployment refers to?

• Workers in informal or underground jobs
• Uncounted seasonal workers
• Underemployment
• Unemployed workers

8. Which type of unemployment occurs during economic downturns?

• Structural
• Frictional
• Seasonal
• Cyclical

9. What is an example of cyclical unemployment?

• Lifeguards losing jobs after summer
• Job loss due to economic recession
• Workers leaving jobs to relocate
• Recent college graduates job searching

10. What is structural unemployment?

• Unemployment caused by economic downturns
• Unemployment due to skills mismatch with job opportunities
• Unemployment between job changes
• Unemployment due to seasonal work