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WorksheetsIB Unemployment
Total questions: 21
Worksheet time: 10mins
Cyclical unemployment
Describes recent college graduates
Lasts longer than 6 months
Describes employees moving from one job to another
Increases inflation Increases inflation
Seasonal unemployment
Describes recent college graduates
Is predictable
Is a result of changes in technology
Slows the economy Slows the economy
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
The unemployment rate is the ratio of
unemployed (not seeking employment) to labor force
employed seeking employment to labor force
unemployed (and seeking employment) to labor force
dissatisfied to labor force
The unemployment rate will drop if
A person is hired into a new job
Someone who was previously laid off is rehired
An unemployed person stops looking
Better technology
Unemployment which exists in any economy due to people being in the process of moving from one job to another
frictional
cyclical
functional
structural
If operators are fired and replaced with computer technology, the operators would be considered
frictionally unemployed
structurally unemployed
cyclically unemployed
dissatisfiededly unemployed dissatisfiededly unemployed
Which is not the type of unemployment?
frictional
functional
cyclical
structural
Discouraged workers in
the economy implies that the measurement of unemployment...
understates the true unemployment rate
overstates the true unemployment rate
correctly measures the true unemployment rate
doubles the unemployment rate
Which of the following statements is true of an economy at its "natural
rate of unemployment"?
Everyone who wants to work is working
The economy is producing at its potential
The economy is only experiencing cyclical unemployment
The economy is producing beyond the PPF The economy is producing beyond the PPF
If actual GDP is less than potential GDP...
Actual unemployment exceeds the natural unemployment rate
Actual unemployment rate is less than the natural rate
No cyclical unemployment is present
Hyperinflation is present Hyperinflation is present
If an economy is at its Natural Rate of Unemployment...
Only cyclical unemployment would be present
There would be no frictional unemployment
Only frictional, seasonal and structural unemployment would be present
Everyone is working
What is the formula of unemployment rate???
=(labor force/unemployed)*100%
=(GDP*labor force)/100%
=(unemployed/labor force)*100%
none of them
The economically active population is...
Working age people
Labour force
Adults and retired
Hidden unemployment and underemployment include:
Unemployed not searching for jobs
Part-time workers that would prefer working full time
Over-qualified workers
Under-qualified workers
Distribution of unemployment is not even in a population. Differences might include ...
regional disparities
age disparities
ethnic differences
gender disparities
occupational disparities
Costs of unemployment to society include
Vandalism
Poverty
Homelessness
High crime rates
High rate of discouraged workers
An economy operating at a point within its production possibility curve (X in the image)
Is not using all its factors of production
Has some type o unemployment
Has more structural than frictional unemployment
Unemployment for the government means:
Spending more due to unemployment benefits
Earning less due to lower income/ activities / taxes than potential
Spending more on training to fight frictional unemployment
Causes of unemployment include
Factors hindering the labour market from clearing
Lack of enough aggregate demand
The fact that wages are "sticky upwards"
The fact that people are not always aware of job opportunities
The fact that people are not always able to take a job opportunity
What is shown in the red line?
Natural unemployment
Cyclical unemployment
