Economics - 0455 CIE

Employment And Unemployment

Gbogbo ọrọ náà

Unemployment is one of the most closely watched figures in any economy: it measures wasted talent, lost output and real hardship for families. But not all unemployment is the same, and the cure depends on the cause.

In this lesson you will learn how unemployment is measured and calculated, distinguish frictional, structural, cyclical and seasonal unemployment, weigh the consequences for individuals, firms, government and the economy, and evaluate the policies that can bring it down. By the end you will be able to diagnose unemployment and prescribe the right remedy.

Ebumnobi

  1. how unemployment is measured (labour force survey)
  2. formula for the unemployment rate
  3. frictional unemployment
  4. structural unemployment
  5. cyclical unemployment
  6. seasonal unemployment
  7. consequences of unemployment for the individual, producers/firms, the government and the economy
  8. the range of policies available to reduce unemployment and their effectiveness

Nkuzi Olu

Gee ntị na nkuzi a na ngwa

Maapụ uche

E seela isiokwu a ka ị hụ otu echiche si ejikọta.

Mepee maapụ uche na ngwa

Kaadị ncheta

Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.

Mee omume kaadị ndị a na ngwa

Akwụkwọ Ọmụmụ

Low unemployment is a central aim of every government. High unemployment means people without income, firms without customers and a country producing below its potential. Knowing the type of unemployment matters because each kind has a different cause and therefore a different cure, and examiners test both the diagnosis and the policy response.

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Nnyocha Ọmụmụ

Ekele diri gi maka imecha ihe karịrị na Employment And Unemployment. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.

Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.

Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.

  1. The unemployment rate is calculated as: A. number employed / population x 100 B. number unemployed / labour force x 100 C. labour force / population x 100 D. number unemployed / population x 100 Answer: B
  2. A graduate spending a few weeks looking for their first job is an example of: A. cyclical unemployment B. structural unemployment C. frictional unemployment D. seasonal unemployment Answer: C
  3. Unemployment caused by a general lack of demand in a recession is called: A. frictional B. seasonal C. structural D. cyclical Answer: D
  4. A labour force of 20 million includes 2 million unemployed. The unemployment rate is: A. 2% B. 5% C. 10% D. 20% Answer: C
  5. The best policy to reduce structural unemployment is: A. cutting interest rates only B. retraining and education for new skills C. raising total demand alone D. doing nothing, as it self-corrects Answer: B

Rue ajuju ndi a n'ime ngwa ahu

Rue ajuju ndi a n'ime ngwa ahu

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