Test Your Knowledge Unemployment - PowerPoint PPT Presentation

1 / 42
About This Presentation
Title:

Test Your Knowledge Unemployment

Description:

... labor unions and unemployment insurance may also contribute to structural ... economic conditions can cause the aggregate demand for goods and services to ... – PowerPoint PPT presentation

Number of Views:96
Avg rating:3.0/5.0
Slides: 43
Provided by: frba4
Category:

less

Transcript and Presenter's Notes

Title: Test Your Knowledge Unemployment


1
Test Your KnowledgeUnemployment
  • Click on the letter choices to test your
    understanding

2
Question 1
  • The labor force is

3
Try again!
  • The sum of all people employed is employment.
    This is a measure of the proportion of the
    countrys working age population that is employed.

Back
4
Try again!
  • The unemployment rate is a measure of the
    unemployed and is calculated as a percentage by
    dividing the number of unemployed individuals by
    all individuals currently in the labor force.

Back
5
Correct!
  • The labor force consists of everyone of working
    age who are actively employed or seeking
    employment. People who are not counted are
    students, retired people, stay-at-home parents,
    people in prisons or similar institutions, and
    discouraged workers who are unable to find work
    and have left the labor force.

Next
6
Question 2
  • A person is counted as unemployed if

7
Try again!
  • If someone is not looking for a job, for example
    a stay-at-home parent, they are not included in
    the labor force and therefore not counted as
    unemployed.

Back
8
Try again!
  • Someone who is under the age of 16 is legally
    too young to work and therefore not in the labor
    force.

Back
9
Correct!
  • A person who is without a job but available to
    work and has actively looked for employment in
    the past four weeks is counted as unemployed.
    People who are laid off but expecting to return
    to work are also counted as unemployed.

Next
10
Question 3
  • A medical doctor working as a waiter would be
    considered

11
Correct!
  • Underemployed workers may be workers who are
    working only part-time but would prefer a
    full-time job

Next
12
Try again!
  • Workers who are available for work and have
    searched for a job for at least some time during
    the last year, but who have become discouraged at
    their prospects of finding a job and left the
    labor force are known as discouraged workers.

Back
13
Try again!
  • A person who is without a job but available to
    work and has actively looked for employment in
    the past four weeks is counted as unemployed.

Back
14
Question 4
  • Someone who is available for work, has searched
    for a job, found few prospects, and has left the
    labor force is considered

15
Try again!
  • Underemployed workers may be workers who are
    working only part-time but who would prefer a
    full-time job, or workers who are highly skilled
    but are working in low-wage jobs that do no use
    those skills.

Back
16
Correct!
  • Workers who are available for work and have
    searched for a job for at least some time during
    the last year, but who have become discouraged at
    their prospects of finding a job and left the
    labor force, are known as discouraged workers.

Next
17
Try again!
  • A person who is without a job but available to
    work and has actively looked for employment in
    the past four weeks is counted as unemployed.

Back
18
Question 5
  • The labor force participation rate identifies

19
Try again!
  • The unemployment rate is a measure of the
    unemployed and is calculated as a percentage by
    dividing the number of unemployed individuals by
    all individuals currently in the labor force.

Back
20
Try again!
  • The employment rate is a statistical ratio that
    measures the proportion of the countrys working
    age population that is employed.

Back
21
Correct!
  • The labor force participation rate identifies
    what percentage of the adult population is in the
    labor force. It is calculated by dividing the
    labor force by the adult population, and then
    multiplying by 100.

Next
22
Question 6
  • When workers lack the skills necessary to get a
    job, they are ________________ unemployed.

23
Correct!
  • Structural unemployment occurs when workers have
    skills that are obsolete or no longer demanded by
    employers, when they lack the skills necessary to
    get a job, or when they cannot move to a new
    location to find work. Efficiency wages, a
    binding minimum wage, labor unions and
    unemployment insurance may also contribute to
    structural unemployment.

Next
24
Try again!
  • Frictional unemployment is the result of workers
    searching for jobs, or waiting for new jobs to
    begin. Frictional unemployment is often called
    job search unemployment.

Back
25
Try again!
  • Cyclical unemployment occurs when workers are
    unemployed as a result of economic changes
    associated with the business cycle. At times,
    economic conditions can cause the aggregate
    demand for goods and services to decline,
    therefore lowering the demand for labor needed to
    produce these goods and services.

Back
26
Question 7
  • New and recent entrants into the labor force are
    ________________ unemployed.

27
Try again!
  • Structural unemployment occurs when workers have
    skills that are obsolete or no longer demanded by
    employers, when they lack the skills necessary to
    get a job, or when they cannot move to a new
    location to find work. Efficiency wages, a
    binding minimum wage, labor unions and
    unemployment insurance may also contribute to
    structural unemployment.

Back
28
Correct!
  • Frictional unemployment is the result of workers
    searching for jobs, or waiting for new jobs to
    begin. Frictional unemployment is often called
    job search unemployment.

Next
29
Try again!
  • Cyclical unemployment occurs when workers are
    unemployed as a result of economic changes
    associated with the business cycle. At times,
    economic conditions can cause the aggregate
    demand for goods and services to decline,
    therefore lowering the demand for labor needed to
    produce these goods and services.

Back
30
Question 8
  • ________ unemployment occurs when workers are
    displaced as a result of economic changes
    associated with the business cycle.

31
Try again!
  • Structural unemployment occurs when workers
    have skills that are obsolete or no longer
    demanded by employers, when they lack the skills
    necessary to get a job, or when they cannot move
    to a new location to find work. Efficiency wages,
    a binding minimum wage, labor unions and
    unemployment insurance may also contribute to
    structural unemployment.

Back
32
Try again!
  • Frictional unemployment is the result of workers
    searching for jobs, or waiting for new jobs to
    begin. Frictional unemployment is often called
    job search unemployment.

Back
33
Correct!
  • Cyclical unemployment occurs when workers are
    unemployed as a result of economic changes
    associated with the business cycle. At times,
    economic conditions can cause the aggregate
    demand for goods and services to decline,
    therefore lowering the demand for labor needed to
    produce these goods and services.

Next
34
Question 9
  • Any deviation from the natural rate of
    unemployment is ___________ unemployment.

35
Try again!
  • This type of unemployment is caused by
    structural factors in the economy such as worker
    skills mismatch, efficiency wages, a binding
    minimum wage, labor unions, and unemployment
    insurance.

Back
36
Try again!
  • Frictional unemployment results when workers are
    searching for a job, or waiting for a job to
    begin.

Back
37
Correct!
  • The natural rate of unemployment is the lowest
    rate of unemployment over the long run, often
    thought of as the rate of unemployment that
    usually occurs in the economy. Deviations from
    this rate are cyclical unemployment.

Next
38
Question 10
  • The unemployment rate is closely tied to Real
    GDP. If Real GDP falls

39
Try again!
  • A decrease in Aggregate Demand is associated with
    falling Real GDP.

Back
40
Correct!
  • When Real GDP falls, output declines. This means
    that fewer workers will be needed to produce
    goods and services and unemployment should rise.

Next
41
Try again!
  • When Real GDP rises, this indicates an increase
    in Aggregate Demand and greater output in the
    economy. This should lead to a decrease in
    unemployment as more workers are hired to meet
    the increased demand for goods and services.

Back
42
  • Thank you for participating in
  • Test Your Knowledge
Write a Comment
User Comments (0)
About PowerShow.com