unemployment

Question 1

define the unemployment

Answer 1

those who actively seeking work and who are unable to find a job

Question 2

who is inactively seeking

Answer 2

children, students, those who can’t work or do not want to work. they are not considering unemployment

Question 3

give the formula for unemployment

Answer 3

number of unemployment/total number of persons in the labour force

Question 4

what 5 type of unemployment

Answer 4

cyclical, structural, frictional, seasonal, voluntary.

Question 5

how cyclical unemployment causes?

Answer 5

cause by economic downturn

Question 6

how structural unemployment causes

Answer 6

by changing in the technology and structure

Question 7

how frictional unemployment causes

Answer 7

occurs when workers look for new employee or transition out of old job into new ones

Question 8

how is seasonal unemployment causes

Answer 8

when workers unemployed for specific time of the year.

Question 9

what is voluntary unemployment

Answer 9

individual chooses to be unemployment

Question 10

what happened with output if unemployment rise of fall?

Answer 10

if unemployment rise it decrease, and opposite

Question 11

what happened with poverty if unemployment rise of fall?

Answer 11

if unemployment rise it increase and opposite

Question 12

what happened with tax revenue if unemployment rise of fall?

Answer 12

if unemployment rise it decrease, and opposite

Question 13

what happened with consumer confidence if unemployment rise of fall?

Answer 13

if unemployment rise in decrease, and opposite

Question 14

what happened with business confidence if unemployment rise of fall?

Answer 14

if unemployment rise in decrease, and opposite

Question 15

what happened with society if unemployment rise of fall?

Answer 15

if unemployment rise in decrease, and opposite