WorksheetsUnit 23: Measuring Inflation and Unemployment (Part B)
Total questions: 7
Worksheet time: 4mins
Name
Class
Date
1.
Population of working age is defined as...
a)
Individuals between the ages of 16 and 65
b)
Individuals under the age of 15
c)
Individuals over the age of 64
d)
Individuals between the ages of 10 and 60
2.
The labour force is defined as...
a)
The total number of people who are retired
b)
The total number of people who are employed or actively seeking employment
c)
The total number of people who are not in the workforce
d)
The total number of people who are students
3.
The economically inactive are defined as those who...
a)
are all retired individuals
b)
are all full-time students
c)
are all stay-at-home parents
d)
are not currently working or seeking employment
4.
What is hidden unemployment?
a)
Individuals who are not actively seeking employment but would be willing to work if the opportunity arose.
b)
Those who are working part-time but want full-time employment
c)
Individuals who are retired and not looking for work
d)
People who are actively seeking employment and unable to find a job
5.
The underemployed are defined as those who...
a)
are unemployed and actively seeking work
b)
are working in a job that does not utilize their skills and education to their full potential
c)
are retired and not looking for work
d)
are working in a job that fully utilizes their skills and education
6.
The unemployment rate is calculated by...
a)
subtracting the number of employed individuals from the total labor force
b)
multiplying the number of unemployed individuals by the total labor force
c)
adding the number of unemployed individuals to the total labor force
d)
dividing the number of unemployed individuals by the total labor force and multiplying by 100
7.
Labour market slack means...
a)
Optimal utilization of labor resources
b)
High demand for labor resources
c)
Underutilization of labor resources
d)
A surplus of labor resources
100 %
