
Calculating Unemployment Rate

Quiz
•
Business
•
1st Grade
•
Easy
shanaski spencer
Used 2+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate the unemployment rate?
Unemployed individuals / Total population
Labor force / Unemployed individuals
(Number of unemployed individuals / Labor force) x 100
Unemployment rate x Labor force
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some benefits of unemployment?
Enhanced job security and stability.
Financial support and time to find a better job.
Decreased stress levels and improved mental health.
Opportunity to travel and explore new hobbies.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some measures that can be taken to reduce unemployment?
Cut funding for education
Reduce minimum wage
Increase taxes on businesses
Implement job training programs, offer incentives for businesses to hire more workers, invest in infrastructure projects, provide financial support for job seekers.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term 'frictional unemployment'.
Frictional unemployment is the long-term unemployment that arises due to lack of skills or education.
Frictional unemployment is the unemployment caused by a sudden economic downturn.
Frictional unemployment is the unemployment that occurs when individuals choose not to work.
Frictional unemployment is the temporary unemployment that arises when individuals are transitioning between jobs or entering the workforce for the first time.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the concept of 'structural unemployment'.
Structural unemployment is the result of individuals being unwilling to work.
Structural unemployment is caused by excessive government intervention in the economy.
Structural unemployment is a short-term issue caused by seasonal fluctuations.
Structural unemployment is the long-term unemployment caused by fundamental shifts in an economy.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is 'cyclical unemployment'?
Cyclical unemployment is unemployment that results from fluctuations in economic activity.
Cyclical unemployment is unemployment due to mismatched skills in the labor market.
Cyclical unemployment is unemployment resulting from government policies.
Cyclical unemployment is unemployment caused by technological advancements.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does unemployment affect the economy?
Unemployment affects the economy by reducing consumer spending, lowering tax revenues, increasing government spending on social programs, and leading to a decrease in overall economic productivity.
Unemployment results in higher tax revenues
Unemployment has no impact on the economy
Unemployment leads to an increase in consumer spending
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