GP SA2

Question 1

_________ unemployment occurs when people voluntarily
leave their jobs to find better opportunities or when graduates look for
their first job.

Answer 1

Frictional

Question 2

_________ unemployment occurs in industries that are dependent on
seasonal demand ,such as agriculture , tourism .

Answer 2

Seasonal

Question 3

________________ is the total number of people who are either employed or
actively seeking employment.

Answer 3

Labor Force

Question 4

Advances in technology can lead to ___ displacement.

Answer 4

Job

Question 5

Reduced demand for goods and services leads to job losses, resulting
in _______ unemployment rates.

Answer 5

Higher

Question 6

_____________ individuals often experience feelings of isolation,
frustration, and a loss of self-worth.

Answer 6

Unemployed

Question 7

Governments can stimulate job creation through ________ policies such as
infrastructure projects.

Answer 7

Fiscal

Question 8

Small and medium-sized businesses are often the backbone of ___
creation in many economies.

Answer 8

Job

Question 9

High levels of unemployment result in ______ consumer spending.

Answer 9

Lower

Question 10

_______________ refers to the engagement in any type of productive
income generating activity.

Answer 10

Employment

Question 11

Cyclical unemployment occurs during the periods of economic
downturn or ________.

Answer 11

Recession

Question 12

True or False:
The labor force includes everyone in a country , including children and
retired people.

Answer 12

False

Question 13

True or False:
Frictional unemployment is a sign of a healthy ,changing
economy.

Answer 13

true

Question 14

True or False:
Cyclical unemployment increases during recession

Answer 14

True

Question 15

True or False:
Seasonal unemployment is permanent and cannot be
predicted.

Answer 15

False

Question 16

True or False:
A person who is not actively looking for a job is considered
unemployed.

Answer 16

False

Question 17

True or False:
Government policies can help reduce unemployment in a
recession.

Answer 17

True

Question 18

Define Voluntary unemployment.

Answer 18

When unemployment is voluntary, it means that a person left their
job willingly in search of other employment.

Question 19

Define Involuntary unemployment.

Answer 19

It means that a person was fired or laid off and must now look for
another job.

Question 20

Define Cyclical unemployment

Answer 20

It occurs during the periods of economic downturn or recession ,
demand for goods and services decreases , leading to job losses.

Question 21

Define Labor force.

Answer 21

It is the total number of people who are either employed or actively
seeking employment.

Question 22

Define Frictional unemployment.

Answer 22

It is usually occurs when people voluntarily leave their jobs to find
better opportunities or when graduates look for their first job.

Question 23

How do you measure the unemployment rate?

Answer 23

Unemployment Rate =
Number of Unemployed people X 100
———————————————————-
Labour force

Question 24

What are the economic effects of Unemployment?

Answer 24

Unemployment leads to lower consumer spending, which slows economic growth due to reduced demand for goods and services. ​

Question 25

How can education and training help reduce unemployment?

Answer 25

Education and training provide job skills, reducing unemployment caused by skill mismatches. ​

Question 26

How does population growth affect unemployment ?

Answer 26

Population growth increases job seekers, leading to higher competition and unemployment. ​