WorksheetsUnemployment
Total questions: 17
Worksheet time: 4hrs 15mins
Complete the following equation: Unemployment Rate = (Unemployed/ (a) )*100
Since 1950, in which year was the unemployment rate 0% in the UK?
1991
2002
1951
It's never been at 0%.
1991 and 1951
Calculate the unemployment rate with the following data: Unemployed: 5 million, UK Population: 60 million, Employed: 45 million
10%
8.33%
11.11%
None of the above
True or False. A person who is out of work and who is not actively looking for work is unemployed.
True
False
The number of people in the economy who are claiming unemployment benefits is the
Claimant Count
Labour Force Survey
Jobseeker Centre
None of the above
LFS stands for
Labour Force Survey
Labour Fiscal Survey
Low Fiscal Supply
Low Financial Supply
Select ALL the criteria that the Labour Force Survey uses to classify an individual as unemployed:
of working age (e.g. 16–64)
who is without a job
who is available to start work within 2 weeks
has been looking for work for the last 4 weeks
completed an application for unemployment benefits
Select ALL the characteristics of the Labour Force Survey
Sample survey based
Based on third party data
Sample size of 40,000
Monthly
Quarterly
Select ALL the characteristics of the Claimant Count
Monthly
Quarterly
Can include non-claimants
Based on third party data
Burden of proof is high
What are ALL the reasons that the Claimant Count can be less than the Labour Force Survey
LFS can include non-claimants
Burden of proof is high for CC
CC is based on third party data
LFS is based on sample survey
What is it called when workers are temporarily unemployed because even though the job exists, they have not found it yet?
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
Real Unemployment
What is it called when the unemployed do not have the right skills for the jobs available and so become occupationally immobile?
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
Real Unemployment
What is it called when workers are unemployed due to insufficient demand in the economy?
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
Real Unemployment
If unemployment decreases, which of the following will most likely happen?
Recruitment becomes more difficult
Revenues/sales decrease
Wage rates decrease
True or false: It would be very beneficial for the UK economy if we could greatly reduce or eliminate frictional unemployment.
True
False
True or False. Large and long-lasting shocks to the economy are a major cause of structural unemployment.
True
False
Select ALL the causes of unemployment
Frictional
Structural
Cyclical
Donald Trump
Government spending
