What is Unemployment

A quick quiz about macroeconimc topic Unemploymen

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1. Which of these is a solution to unemployment

  • None of the Above
  • Subsidies
  • Foreign Loans
  • All of the above
  • Reducing Indirect taxation
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Other questions in this quiz

2. Cyclical Unemployment occurs when....

  • A situation which constant union strikes makes workers unemployed
  • when the costs of production for a firm become to great, due falling demand
  • A cyclical fall in the price of raw materials causes firms to reduce cost by lowering labour
  • firms make labour redundant due to demand pull inflation

3. What is the consequence of a person being "frictionally unemployed"

  • Increased crime rates
  • Falling real wages
  • Temporary unemployment
  • Falling living standards

4. What is unemployment measured by

  • Consumer Price Index and Labour Force survey
  • Labour Force Survey and Retail Cost Index
  • Claimant count and Labour Force Survey
  • Real Wages and Claimant count

5. The formula for the unemployment rate is....

  • Claimant count number divided by Labour Force survey number
  • number of unemployed people divided by the number of people in the economy’s labour force
  • The eligible labour force over the adult population
  • The country's labour force over the number of firms in the economy

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