Measuring the Costs of Unemployment

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question 1 of 3

According to Okun's law, how are employment and GNP related?

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1. Which of the following is NOT an individual cost of unemployment?

2. Which of the following is NOT a likely result of a prolonged rate of unemployment?

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About This Quiz & Worksheet

Unemployment can have a lasting impact on society as a whole. Use this quiz/worksheet to apply what you've learned about the social and economic costs of unemployment.

Quiz & Worksheet Goals

In this quiz, you'll be tested on:

  • Okun's law
  • Social implications
  • Concern for businesses
  • Economic ratios

Skills Practiced

Using this quiz, you'll further your proficiency with the following:

  • Making connections - use your knowledge of prolonged unemployment to understand social and economic effects
  • Critical thinking - apply relevant concepts to examine information about long-term unemployment from a different perspective
  • Defining key concepts - ensure that you can accurately define main ideas, such as Okun's law and GDP

Additional Learning

To learn more about the effects of unemployment, review the lesson called Measuring the Costs of Unemployment. You'll explore:

  • Individual and social costs
  • Effects on the government and economy
  • Okun's law and the relationship between employment, unemployment and GDP
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