Question 1
What is meant by claimant count?
A.
Survey-based unemployment rate. B.
Those claiming unemployment-related benefits. C.
Not seeking work (students, carers, retired, etc.). D.
Unemployment rate consistent with stable inflation.
Question 2
What is meant by nairu?
A.
Employed plus unemployed (labour force). B.
Economically active people in paid work. C.
Survey-based unemployment rate. D.
Unemployment rate consistent with stable inflation.
Question 3
What is meant by ilo/lfs measure?
A.
Caused by deficient AD in downturn. B.
Survey-based unemployment rate. C.
Short-term between jobs. D.
Economically active people in paid work.
Question 4
What is meant by economically inactive?
A.
Employed plus unemployed (labour force). B.
Without work, available and actively seeking work. C.
Skills/geography mismatch — most worrying in LR. D.
Not seeking work (students, carers, retired, etc.).
Question 5
Under-employment means:
A.
Earning maximum wage B.
Not in the labour force C.
Working fewer hours or below skill level than desired D.
Only self-employed
Question 6
Cyclical unemployment rises when:
A.
Exports always rise B.
AD falls in a recession C.
Inflation is zero D.
LRAS shifts right
Question 7
Structural unemployment is mainly caused by:
A.
Skills and location mismatch B.
Holiday seasons only C.
Voluntary retirement only D.
Job search between roles
Question 8
The economically inactive include:
A.
Only retirees claiming pensions as workers B.
Students not seeking work C.
Everyone employed D.
All part-time workers
Question 9
What is meant by economically active?
A.
Employed plus unemployed (labour force). B.
Economically active people in paid work. C.
Skills/geography mismatch — most worrying in LR. D.
Without work, available and actively seeking work.
Question 10
What is meant by unemployment?
A.
Skills/geography mismatch — most worrying in LR. B.
Without work, available and actively seeking work. C.
Economically active people in paid work. D.
Caused by deficient AD in downturn.
Back to practice 