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Unemployment

Total questions: 17

Worksheet time: 4hrs 15mins

Name
Class
Date
1.

Complete the following equation: Unemployment Rate = (Unemployed/ (a)   )*100

2.

Since 1950, in which year was the unemployment rate 0% in the UK?

a)

1991

b)

2002

c)

1951

d)

It's never been at 0%.

e)

1991 and 1951

3.

Calculate the unemployment rate with the following data: Unemployed: 5 million, UK Population: 60 million, Employed: 45 million

a)

10%

b)

8.33%

c)

11.11%

d)

None of the above

4.

True or False. A person who is out of work and who is not actively looking for work is unemployed.

a)

True

b)

False

5.

The number of people in the economy who are claiming unemployment benefits is the

a)

Claimant Count

b)

Labour Force Survey

c)

Jobseeker Centre

d)

None of the above

6.

LFS stands for

a)

Labour Force Survey

b)

Labour Fiscal Survey

c)

Low Fiscal Supply

d)

Low Financial Supply

7.

Select ALL the criteria that the Labour Force Survey uses to classify an individual as unemployed:

a)

of working age (e.g. 16–64)

b)

who is without a job

c)

who is available to start work within 2 weeks

d)

has been looking for work for the last 4 weeks

e)

completed an application for unemployment benefits

8.

Select ALL the characteristics of the Labour Force Survey

a)

Sample survey based

b)

Based on third party data

c)

Sample size of 40,000

d)

Monthly

e)

Quarterly

9.

Select ALL the characteristics of the Claimant Count

a)

Monthly

b)

Quarterly

c)

Can include non-claimants

d)

Based on third party data

e)

Burden of proof is high

10.

What are ALL the reasons that the Claimant Count can be less than the Labour Force Survey

a)

LFS can include non-claimants

b)

Burden of proof is high for CC

c)

CC is based on third party data

d)

LFS is based on sample survey

11.

What is it called when workers are temporarily unemployed because even though the job exists, they have not found it yet?

a)

Frictional Unemployment

b)

Structural Unemployment

c)

Cyclical Unemployment

d)

Real Unemployment

12.

What is it called when the unemployed do not have the right skills for the jobs available and so become occupationally immobile?

a)

Frictional Unemployment

b)

Structural Unemployment

c)

Cyclical Unemployment

d)

Real Unemployment

13.

What is it called when workers are unemployed due to insufficient demand in the economy?

a)

Frictional Unemployment

b)

Structural Unemployment

c)

Cyclical Unemployment

d)

Real Unemployment

14.

If unemployment decreases, which of the following will most likely happen?

a)

Recruitment becomes more difficult

b)

Revenues/sales decrease

c)

Wage rates decrease

15.

True or false: It would be very beneficial for the UK economy if we could greatly reduce or eliminate frictional unemployment.

a)

True

b)

False

16.

True or False. Large and long-lasting shocks to the economy are a major cause of structural unemployment.

a)

True

b)

False

17.

Select ALL the causes of unemployment

a)

Frictional

b)

Structural

c)

Cyclical

d)

Donald Trump

e)

Government spending