11 Unemployment part A

Peter Phelps is laid off from work because he is a life guard at the local outdoor swimming centre. He is experiencing what kind of unemployment?

• Frictional

• Cyclical

• Seasonal

• Structural

Unemployment caused by a fall in demand for goods and services across the economy.

• Structural unemployment

• Seasonal unemployment

• Frictional unemployment

• Cyclical unemployment

Unemployment caused when a person resigns from their job to start looking for a higher paying job that better suits their skills.

• Cyclical

• Frictional

• Seasonal

• Structural

The Unemployment rate is calculated as the number of

• persons in the labour force divided by the number of unemployed

• unemployed persons divided by number of employed persons

• unemployed persons divided by the size of the labour force

• employed persons divided by number of unemployed persons

Someone who works part-time but wants a full-time job is considered

• overemployed

• underemployed

• unhappy

• a discouraged worker

What is the term for the lowest possible level of unemployment when AD = AS?

• full employment

• cyclical employment

• peak employment

• perfect employment

THE JOB SEEKER PAYMENT OR DOLE FOR A SINGLE PERSON IS $ ..... /FORTNIGHT

• 762.70

• 700.50

• 1200.23

• 814.54

WHICH IS NOT A CHARACTERISTIC OF THE UNEMPLOYED (note characteristic is not type)

• INEFFICIENT WORKERS

• MIGRANTS WHO CAN'T SPEAK ENGLISH

• THE VERY YOUNG SCHOOL LEAVERS

• UNSKILLED

WHICH GROUP IN SOCIETY WOULD FIND IT HARDEST TO GET WORK IF THEY ARE UNEMPLOYED

• STUDENTS WANTING A PART TIME JOB

• SKILLED APPRENTICES

• YOUNG MOTHERS CHOOSING TO STAY HOME AND LOOK AFTER CHILDREN

• OLDER WORKERS OVER 55

Current Unemployment Rate as at July 2024 is:

• 8%

• 4.0%

• 0.8%

• 4.2%