Unemployment (HL)

What is the unemployment rate if 10,000 people are unemployed out of a labour force of 100,000?

• 0.01
• 0.05
• 0.1
• 0.2

Which of the following is NOT included in traditional unemployment statistics?

• Underemployment
• Frictional unemployment
• Cyclical unemployment
• Seasonal unemployment

Which term describes workers who want full-time jobs but can only find part-time work?

• Hidden unemployment
• Discouraged workers
• Structural unemployment
• Underemployment

Who are discouraged workers?

• Workers taking informal jobs
• Workers studying part-time
• People who have stopped looking for work
• People doing seasonal jobs

What type of unemployment is associated with economic downturns?

• Frictional
• Cyclical
• Structural
• Seasonal

Which of these is a cause of structural unemployment?

• Job transitions
• Graduates entering the job market
• Technological change
• Seasonal variations

Which type of unemployment arises when people leave jobs voluntarily?

• Cyclical
• Frictional
• Structural
• Underemployment

A lifeguard who only works in the summer experiences what type of unemployment?

• Cyclical
• Frictional
• Structural
• Seasonal

What happens when minimum wage is set above equilibrium wage?

• Labour shortage
• Increased demand for labour
• Unemployment
• No effect

What do we call unemployment caused by reduced demand in a specific sector?

• Cyclical
• Structural
• Frictional
• Seasonal