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15 Cards in this Set
- Front
- Back
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The rate of natural increase in population |
The birth rate minus the death rate |
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Australia is experiencing an ageing population, this can be described as? |
A decline in the birth rate and an increase in life expectancy |
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Main way to increase living standards |
Increase productivity |
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Define cyclical unemployment |
When there is a lack of aggregate demand in the economy |
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Define structural unemployment |
If no one wants the skills you are offering |
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Seasonal unemployment |
Some people work in jobs that are seasonal and when the season is over they find it hard to find work |
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Frictional unemployment |
When a person has finished one job, but is yet to start another |
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Hard core unemployment |
Generally described as unemployable, people who are unlikely to ever have the possibility to work again |
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The natural unemployment in Australia is currently? |
5% |
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The participation rare measures what? |
The labor force |
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Full employment is defined as? |
Everyone willing and able to work can find employment |
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Underemployment refers to? |
Those employed who are actively looking for full time employed |
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The unemployment rate is published every? |
Month |
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Define labour force |
Includes all people aged over 15 who are willing and able to work. |
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What is it meant by incidence of unemployment/employment |
Relates to the way employment is spread between different age groups, region, occupation and gender |
