Chapter -:5 Concept of Unemployment

What is LFPR

LFPR stands for Labor Force Participation Rate, which measures the proportion of the working-age population that is either employed or actively seeking employment. It indicates the active engagement of individuals in the labor market. formula for it labour force / Population

Natural rate of Unemployment include

frictional and structural unemployment, but not cyclical unemployment.

What is the condition of Unemployment during recession?

Actual unemployment rises above natural rate of unemployment.

What is the Disguised unemployment ?

More no. of workers are involved in work than required.

Different Types of unemployment ?

Voluntary and Involuntary Unemployment

What is cause of Involuntary Unemployment?

Unemployment arises due to deficiency in aggregate demand.

Different types of Involuntary Unemployment ?

Frictional, Structural , Seasonal , Cylical

What are the other terms used for Short term Joblessness and Long term joblessness?

Short term Joblessness is Frictional Joblessness

Long term Joblessness is Structural Joblessness

What is the another name for the Seasonal Unemployment

Sporodic Unemployment

Full form of NSSO

National Sample survey office , 1950

What are the different methods used for measuring unemployment in india used by nsso?

Usual status or chronic unemployment

Current weekly Status

Current daily Status

State Okun's law .

According to this , if there is 1 percent decline in unemployment rate that real gdp will rise by 2 percent than nominal gdp .

relationship between unemployment and gdp

What is most common type of unemployment in most countries including India

Structural unemployment

What is the most common type of unemployment in europe?

Cyclical unemployment

Working Population age limit in india is

15 - 60 years

Total labour force directly or indirectly engaged in Agriculture is

58 percent

Tell the major areas for where absolute and relative poverty used .

Absolute poverty is used in developing nations

Relative Poverty in used in developed nations

What is daily calorie requirement ?

Rural areas 2400 per person per day

Urban areas 2100 per person per day

Who recommended using state-specific calorie-based poverty lines in India based on consumption expenditure?

Dr Lakadawala committee

What is Head Count Ratio?

the percentage of population below poverty line