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.