Unemployment and the Movement Away From Full-Time Work (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is unemployment?
What is unemployment?
When people want to work but can't find job
What is the formula for calculating the unemployment rate?
What is the formula for calculating the unemployment rate?
What causes cyclical unemployment?
What causes cyclical unemployment?
Economic downturns reducing demand
What defines structural unemployment?
What defines structural unemployment?
Mismatch between worker skills & job needs
How long must someone be without work to be classified as long-term unemployed?
How long must someone be without work to be classified as long-term unemployed?
12 months or more
What was Australia's peak unemployment rate in 1992-93?
What was Australia's peak unemployment rate in 1992-93?
10.7%
How many hours per week defines part-time employment?
How many hours per week defines part-time employment?
Less than 35 hours
What is Australia's part-time employment rate compared to OECD?
What is Australia's part-time employment rate compared to OECD?
25.7%, third-highest in OECD
What characterizes hidden unemployment?
What characterizes hidden unemployment?
People stopped seeking work, not counted
What is underemployment?
What is underemployment?
Part-time/casual workers wanting more hours
