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WorksheetsPearson ch 13 Unemployment
Total questions: 30
Worksheet time: 20mins
Name
Class
Date
1.
which of the following ins most likely to be classified as a discouraged worker
a)
someone who hates his job but can't quit
b)
someone who is looking for jobs but just cant get one
c)
someone who no longer looks for work because he/she believes there are no jobs out there
d)
a person with a criminal record
2.
at which stage of the business cycle is the participation rate likely to increase
a)
recession
b)
downswing
c)
upswing
d)
boom or peak
3.
Unemployment caused when a man resigns from his job to start looking for a higher paying job.
a)
Structural
b)
Seasonal
c)
Frictional
d)
Cyclical
4.
Unemployment caused by a recession.
a)
Seasonal
b)
Cyclical
c)
Structural
d)
Frictional
5.
How many people are NOT in the Labor Force?
Unemployed (Looking for job) = 20
Retired = 5 Prison = 2
School = 10 Employed = 180
Unemployed (not looking for job) = 20
Unemployed (Looking for job) = 20
Retired = 5 Prison = 2
School = 10 Employed = 180
Unemployed (not looking for job) = 20
a)
20
b)
40
c)
37
d)
140
6.
Full Employment occurs when which type of unemployment is at 0%
a)
Seasonal
b)
Cyclical
c)
Frictional
d)
Structural
7.
The unemployment rate is a(n)
a)
leading indicator
b)
coincident indicator
c)
lagging indicator
d)
unreliable
8.
The Unemployment Rate is defined as
a)
percentage of unemployed people who are both willing & able to work
b)
percentage of unemployed people who are willing but not able to work
c)
percentage of unemployed people who are able but not willing to work
9.
unemployment caused by a part of the business cycle with decreased economic activity.
a)
Structural unemployment
b)
frictional unemployment
c)
seasonal unemployment
d)
cyclical unemployment
10.
Which country has the highest unemployment rate? (OECD countries)
a)
Greece
b)
South Africa
c)
Brazil
d)
Spain
11.
Someone who works part-time but wants a full-time job is considered
a)
a discouraged worker
b)
unhappy
c)
underemployed
d)
hidden unemployed
12.
The unemployment rate does not account for which two types of people?
a)
discouraged workers (hidden unemployed) and those employed
b)
full time carers and those in school
c)
retirees and those in prison
d)
discouraged workers (hidden unemployed) and underemployed
13.
Dean graduated from college in May, but in July had still not found employment. Dean is experiencing...
a)
frictional unemployment
b)
cyclical unemployment
c)
seasonal unemployment
d)
structural unemployment
14.
a)
welfare
b)
Medicare
c)
Medicaid
d)
Social Security
15.
The participation rate is
a)
the proportion of the labour force that is working.
b)
the proportion of the population that is participating in the labour force.
c)
the proportion of the population over 16 years of age that is participating in the labour force.
d)
the proportion of the population that is working
16.
A rise in the rate of unemployment will tend to
a)
increase govt expenditure on welfare benefits.
b)
decrease the amount of tax revenue received by the government.
c)
cause an existing government budget deficit to increase
d)
all the options are correct
17.
Assume the current unemployment rate is 4.5%, this means that:
a)
4.5% of the population cannot find work
b)
95.5% of the population were in paid work for at least one hour in the survey week
c)
4.5% of people over the age of 15 years cannot find work
d)
4.5% of the labour force are unemployed
18.
If the population is 20 million, 10 million are employed and 1 million are unemployed, then the unemployment rate would equal
a)
10%
b)
9%
c)
5%
d)
3%
19.
Who isn't in the labour force
a)
Retired grandma who volunteers
b)
College student who doesn't work
c)
Stay at home mum
d)
All of the choices
20.
Every Australian citizen is part of the Australian labour force
a)
True
b)
False
21.
Which of these is not a type of unemployment?
a)
Frictional
b)
Bimodal
c)
Structural
d)
Cyclical
22.
Which of the following is associated with peaks in the business cycle?
a)
Relatively high levels of unemployment
b)
Recessions
c)
Relatively low levels of unemployment
d)
Both High Unemployment and Recession
23.
Sally stopped looking for a job after 6 months of being laid off. She is considered...
a)
Seasonally Unemployed
b)
Frictionally Unemployed
c)
A Discouraged Worker
d)
Under Employed
24.
What term is used to describe the percent of the labor force that does not have a job but is currently looking for one?
a)
Leading economic indicator
b)
Full employment
c)
Unemployment rate
d)
Structural unemployment
25.
the best policy for helping the unemployed would be
a)
free trade
b)
expansionary fiscal policy
c)
expansionary monetary policy
d)
supply side privatisation
26.
what type of unemployment
a)
seasonal
b)
frictional
c)
structural
d)
cyclical
27.
Which of the following is NOT true about unemployment?
a)
The level of unemployment in general is a measure of the health of the economy
b)
When an individual becomes unemployed, he/she loses income and thus their spending ability
c)
•There are psychological problems associated with being unemployed – loss of self esteem and anxiety about the future.
d)
You are considered unemployed if you work for pay, either for someone else or in your own business for one or more hours per week
28.
Which of the following is NOT considered actively looking for a job?
a)
•Contacting: –An employer directly or having a job interview –A public or private employment agency –Friends or relatives –A school or university employment center
b)
•Submitting resumes or filling out applications
c)
•Placing or answering job advertisements •Checking union or professional registers
d)
attending a job training program
29.
•The natural rate of unemployment is given by the frictional, seasonal, and structural unemployment rates of unemployment.
a)
true
b)
false
30.
•If the actual rate of unemployment is 6% and the natural rate is 4%, then the cyclical rate is____.
a)
2%
b)
10%
c)
24%
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