FPEC1014 Tutorial 7

Which of the following is a macroeconomic issue?

• the price of burgers

• the profits of firms

• the unemployment level in the country

• the number of cars sold per year

High unemployment would mean that ？ .

• labour resources are not being used efficiently

• firms are not making sufficient profits

• consumers are dissatisfied with the goods produced

• exports are below expectations

Unemployment caused by a lack of jobs during a recession is known as ？ .

• structural unemployment

• frictional unemployment

• cyclical unemployment

• technological unemployment

Labour force consists of all people who are ？.

• 16 years old and above who are working or actively seeking work

• 16 years old and above who are working

• 21 years old and above who are working

• 21 years old and above who are not able to get a job

Frictional unemployment applies to ？ .

• short periods of unemployment needed to match jobs and job seekers

• short periods of unemployment due to the introduction of labour-saving techniques

• short periods of unemployment due to fluctuations in the business cycle

• short periods of unemployment due to depletion of certain resources

“This generally takes place in developed countries where machineries and robots replace the job done by human.” This statement refers to ？ .

• structural unemployment

• frictional unemployment

• cyclical unemployment

• technological unemployment

Structural unemployment is caused by .

• temporary layoffs of workers due to a fall in aggregate demand

• changes in the structure of the economy that makes certain jobs unneeded

• people who have jobs stop working to look for a better one

• people who stop working because of labour disputes

“During certain period of the year, people who work as actors, tourist guide or farmers may be out of job.” This refers to .

• cyclical unemployment

• technological unemployment

• seasonal unemployment

• frictional unemployment

The following table shows the employment data of Malaysia in 2013 and 2014.

b) Based on the table above, calculate the

(i) labour force participation rate in 2013

b) Based on the table above, calculate the

(ii) unemployment rate in 2013