Y10 Economics - C30 Employment and Unemployment

What does employment refer to?

• The level of government spending

• The total population of a country

• The number of unemployed individuals

• The use of factors of production in the economy

What is defined as unemployment?

• People who are not willing to work

• People in the working age who cannot find employment

• People who are retired

• People who are self-employed

What does full employment mean?

• Unemployment is at zero

• Everyone has a job

• Only part-time jobs are available

• Only skilled workers are employed

Why do governments aim for high employment levels?

• To promote brain drain

• To decrease economic growth

• To increase standards of living

• To reduce tax revenues

Which sector sees a decrease in employment as a country develops?

• Informal sector

• Primary sector

• Quaternary sector

• Tertiary sector

What is frictional unemployment?

• Unemployment due to lack of skills

• Unemployment caused by foreign competition

• Unemployment when people change jobs

• Unemployment due to economic downturns

What is one method of measuring unemployment?

• National income

• Claimant count

• Gross domestic product

• Consumer price index

What type of unemployment occurs due to a lack of demand?

• Seasonal unemployment

• Frictional unemployment

• Cyclical unemployment

• Structural unemployment

What is a consequence of unemployment for individuals?

• Higher job satisfaction

• Health problems

• Increased savings

• More leisure time

Which policy can help reduce unemployment?

• Limiting education funding

• Increasing interest rates

• Fiscal policy

• Reducing government spending