The Impacts of Unemployment (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does it mean when unemployment causes an economy to operate below its production possibility frontier?
What does it mean when unemployment causes an economy to operate below its production possibility frontier?
Resources are not used to full capacity
What is hysteresis in the context of unemployment?
What is hysteresis in the context of unemployment?
When current unemployment causes future loss
How does high unemployment affect the government budget?
How does high unemployment affect the government budget?
Less tax revenue and higher expenditure
Why don't wages typically fall when unemployment is high?
Why don't wages typically fall when unemployment is high?
Wages have downward stickiness
In June 2022, what proportion of Australian families was classified as 'jobless families'?
In June 2022, what proportion of Australian families was classified as 'jobless families'?
Almost one in five
How much higher is the unemployment rate for young people aged 15-19 compared to the general population?
How much higher is the unemployment rate for young people aged 15-19 compared to the general population?
Up to three times higher
What percentage of COVID-19 job losses were experienced by workers aged 15-24?
What percentage of COVID-19 job losses were experienced by workers aged 15-24?
55%
What percentage of Indigenous Australians are employed compared to non-Indigenous Australians?
What percentage of Indigenous Australians are employed compared to non-Indigenous Australians?
49.1% vs 75%
What proportion of HR and business leaders said their organisation would be reluctant to hire older workers?
What proportion of HR and business leaders said their organisation would be reluctant to hire older workers?
Almost half
How do established migrants (10+ years) compare to Australian-born workers in unemployment rates?
How do established migrants (10+ years) compare to Australian-born workers in unemployment rates?
They have lower unemployment rates