1. List the characteristics that must exist for one to be clasified as unemployed 2. How is...
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Question:
1. List the characteristics that must exist for one to be clasified as unemployed
2. How is the unemployment rate calculated, illustrate using the example: Total population 1550; Employed 750; discouraged workers 30; frictional unemployed 100; cyclical unemployed 130; structural unamployed 150; part time workers 75; marginally attached workers 80.
3. Define: structural unemployment, cyclical unmeployment and frictional unemployment.
4. Define the natural rate of unmeployment and what is the GDP gap if the level of unemployment is 4% above the natural rate ?
5. What is the duration of unemployment, and why is it important?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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