What is unemployment?

Ch19 Unemployment

Flashcard
•
Social Studies
•
11th Grade
•
Hard
Chloe Zhang
FREE Resource
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
Unemployment occurs when people of working age who are willing and able to work cannot get a job.
2.
FLASHCARD QUESTION
Front
What does it mean to be economically active?
Back
A person is economically active when part of the labour force. Someone who is economically inactive is not part of the labour force.
3.
FLASHCARD QUESTION
Front
How is unemployment measured?
Back
Unemployment is measured in two ways: those who register as unemployed and those who are classed as unemployed in a sample survey of people of working age.
4.
FLASHCARD QUESTION
Front
What is the difference between the level and rate of unemployment?
Back
The level of unemployment is the total number of people who are unemployed. The rate of unemployment is the numbers who are unemployed as a percentage of the labour force.
5.
FLASHCARD QUESTION
Front
What is frictional unemployment?
Back
Frictional unemployment is temporary. An example is when someone is unemployed for a short period while changing from one job to another job.
6.
FLASHCARD QUESTION
Front
What is structural unemployment?
Back
Structural unemployment occurs when there are substantial changes to the economy. An example is when a coal miner becomes unemployed due to government policy to promote cleaner energy.
7.
FLASHCARD QUESTION
Front
What is cyclical unemployment?
Back
Cyclical unemployment is due to a lack of aggregate demand in the economy. An example is when a government reduces its spending and increases taxation in order to prioritise the need to combat a rising rate of inflation.
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