What are the correct definitions of unemployment and employment relative to the number of people of working age?
unemployment
employment
those who want a job but cannot
get one at the current wage rate
those who are not in
full-time education
those who want a job but cannot
get one at the current wage rate
those who have a job
at the current wage rate
those without a job
those who are not in
full-time education
those without a job
those who have a job at
the current wage rate
B
Country X measures unemployment by counting the number of people claiming unemployment benefit.
Why might this method underestimate the level of unemployment?
Some benefit claimants are working unofficially.
Some employees work overtime.
Some jobseekers do not claim benefits.
Some people are unable to work.
C
In 2022, more than a quarter of a million workers, including doctors, left Sri Lanka to work in other countries. This was largely due to economic problems, including an inflation rate of 50% and a concern that unemployment might rise. The Sri Lankan Government increased direct taxation. It also encouraged some public sector workers to work abroad temporarily. People who work abroad often send money home to relatives.
Identify two types of unemployment.
Identify two types of unemployment.
Two from:
Frictional (1) structural (1) cyclical / demand deficient (1)
2
If more than two types given, consider the first three.
Also accept voluntary unemployment, involuntary unemployment, seasonal, classical, casual, regional, technological. Accept demand-deficient as an alternative to cyclical.