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Sp2020 Quiz Ii: COMSATS University Islamabad, Lahore Campus

1. The document is a quiz for a Macroeconomics course assessing the types of unemployment and the relationship between the natural rate of unemployment (NRU) and actual unemployment. 2. It lists the main types of unemployment as structural, frictional, regional, classical, seasonal, and cyclical. 3. It explains that the actual unemployment rate rises above the NRU during recessions and falls below the NRU during economic booms.

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Shahzad Hassan
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49 views

Sp2020 Quiz Ii: COMSATS University Islamabad, Lahore Campus

1. The document is a quiz for a Macroeconomics course assessing the types of unemployment and the relationship between the natural rate of unemployment (NRU) and actual unemployment. 2. It lists the main types of unemployment as structural, frictional, regional, classical, seasonal, and cyclical. 3. It explains that the actual unemployment rate rises above the NRU during recessions and falls below the NRU during economic booms.

Uploaded by

Shahzad Hassan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COMSATS University Islamabad, Lahore Campus

SP2020 QUIZ II
Course Title: Macro Economics Course Code: ECO101 Credit Hours: 3
Course Hina Amir Program Name: BBA
Semester: Batch: Section: B Date:
Time Allowed: 20 Minutes Maximum Marks: 10
Student’s Name: AMIR HAMZA Reg. No. FA19-BBA-118
Important Instructions / Guidelines:
a. Read the question carefully and spend considerable time on thinking and drafting the answer.
b. Return the question paper along with the answer sheet.
Question 1: (4)
What are the types of unemployment? Explain the relationship between NRU and actual unemployment.
Draw the diagram.

TYES
STRUTURAL
FRICTIONAL
REGIONAL
CLASSICAL
SEASONAL
CYCLICAL

THE RELATION BETWEEN IS THAT IN THE RECESSION THE ACTUAL UNEMPLOYMENT


RATE RISES ABOVE THE NATURAL RATE.
IN A BOOM THE ACTUAL UNEMPLOYMENT RATE FALLS BELOW THE NATURAL RATE

Question 2: Total Marks = (2)


Economic cost of unemployment Non economic cost of unemployment

FOR THE INDIVIDUALS THE GREATEST ECONOMIC COST OF UNEMPLOYMENT IS LOST OF


INCOME. AND FOR SOCIETY THE GREATEST ECONOMICS COSTOF UNEMPLOYMENT IS
THE DECRESE IN GOODS AND SERVICES THAT OCCURS AS A RESULT OF THE
UNEMPLOYMENT.

NON-ECONOMIC COST OF UNEMPLOYMENT


FOR THE INDIVIDUALS ITS INCLUDES ADVERSE EFFECTS ON MENTAL AND PHYSICAL
HEALTH AND ON FAMILY,HIGHER RATES OF ALCOHOLISM AND DRUG ABUSE AND
HIGHER CRIME AND SUCIDE RATES.

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