WorksheetsUnemployment
Total questions: 10
Worksheet time: 4mins
What is the unemployment????
decisions to work based on each individuals' valuation of their own work
proportion of younger workers in the labor force
the situation of actively looking for employment but not being currently employed.
person who is simultaneously an income earner,
What is the formula of unemployment rate???
=(labor force/unemployed)*100%
=(GDP*labor force)/100%
=(unemployed/labor force)*100%
none of them
How many general types of unemployement in economy?
Which is not the type of unemployment?
frictional
functional
cyclical
structural
Which type of unemployment consisting of search unemployment and wait unemployment ( for workers who are either searching for jobs or waiting to take jobs in the near future)???
frictional
cyclical
functional
structural
In which type of unemployment workers find it hard to obtain new jobs without retraining, gaining additional education, or relocating??
cyclical
frictional
structural
all of them
What is the natural rate of unemployment (NRU)?
is defined as the percentage of unemployed workers in the total labor force
is defined an economy if there were no cyclical unemployment. In other words, it's frictional unemployment plus structural unemployment.
refers to an overall increase in the Consumer Price Index (CPI),
none of them
Who is the Arthur Okun???
identifyed the relationship between the unemployment rate and the inflation
gave definition for cyclical unemployment
got Nobel Prize in math
the first who quantify the relationship between the unemployment rate and the GDP gap
What Okun’s law indicate?
Inflation reduces the “purchasing power” of money
for each 1 percentage point of unemployment above the natural rate, economy suffers a 2 percent decline in real GDP below its potential GDP
demand for labor also changes over time.
none of them
What is the unemploymen rate in Kazakhstan??
8%
4.9%
3.25
10.5%
