Employment and Unemployment (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does the workforce consist of?
What does the workforce consist of?
Employed + unemployed people
Which group is classified as economically inactive?
Which group is classified as economically inactive?
Discouraged workers
What does full employment NOT mean?
What does full employment NOT mean?
Zero unemployment exists
Which measure is the official UK unemployment standard?
Which measure is the official UK unemployment standard?
ILO unemployment rate
With 31.197m employed and 1.306m unemployed, what is the unemployment rate?
With 31.197m employed and 1.306m unemployed, what is the unemployment rate?
4.02%
What characterizes frictional unemployment?
What characterizes frictional unemployment?
Workers transferring between jobs
What causes structural unemployment?
What causes structural unemployment?
Skills mismatch in labour market
How many workers were on furlough at the CJRS peak in 2020?
How many workers were on furlough at the CJRS peak in 2020?
9 million
How does unemployment affect government finances?
How does unemployment affect government finances?
Lower tax revenue & higher spending
What is underemployment?
What is underemployment?
Working below skill level/hours