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Exam (elaborations)

Ec 202 Unemployment And Inflation Questions With Correct Answers

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EC 202 UNEMPLOYMENT AND INFLATION QUESTIONS WITH CORRECT ANSWERS

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the labour force does not include


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1. individuals under the age of 16
2. are institutionalized
3. have been out of work for less than a week. what???
4. have not sought employments for the past 4 weeks.
5. stay at home parents
6. retirees
7. disabled. even if they work??
8. students. even if they have part time job???
9. discouraged workers. what is this??




what type of person qualifies as-
1. employed
2. unemployed

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1. a person is employed if they hold a full time or part time position
2. a person is unemployed if they are in he Labour force but not employed
e.i. they've been out of work for atlas a week or they have actively searched
for employment in the last 4 weeks




In a country with a population of 465 million people, 95
million are 16 years of age or younger. There are 345 million
people who are employed and 25 million people who are
unemployed. Calculate the unemployment rate


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=(25/370)x100
=6.75%




unemployment rate calculation formula


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(unemployed/labour force)x100




what is a full employed economy?


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