UPSC Prelims Previous Year’s Questions on Unemployment Rates
Unemployment rates is an important topic from the point of view of both Prelims and Mains Examination. Students preparing for UPSC exam can refer to this article for ease of understanding of the topic and comprehensive notes on Unemployment Rates.
Q. Disguised unemployment generally means (2013)
(a) large number of people remain unemployed
(b) alternative employment is not available
(c) marginal productivity of labour is zero
(d) productivity of workers is low
Ans: (c)
What is Unemployment Rates? List of Highest Unemployment Rate Countries
The unemployment rate is defined as the percentage of people in the workforce who are unemployed. The formula for calculating the unemployment rate is to multiply the total labor force by 100 and divide the number of jobless people by that amount. The national unemployment rates of a large number of countries throughout the world are continuously calculated and recorded by organizations like the World Bank, the International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD). The unemployment rate is likely to increase when the economy is struggling and there are few jobs available.
In this article, we will look into the various aspects of unemployment, and the unemployment rate, covering its types, causes, and effects. We will also look into the unemployment rate in India and the list of countries with the highest unemployment rates and discuss some strategies for resolving unemployment issues.
Table of Content
- What is the Unemployment Rate? Formula of Unemployment Rate
- List of Countries with the Highest Unemployment Rate in 2023
- Unemployment Rate in India
- What is Unemployment?
- Types of Unemployment
- Causes of Unemployment
- Effects of Unemployment
- Strategies for Resolving Unemployment Issues
- Conclusion – Unemployment Rates
- UPSC Prelims Previous Year’s Questions on Unemployment Rates
- FAQs on Types, Causes and Effects Unemployment Rates
Contact Us