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Economics11 Macroeconomics: Unemployment

ATAR Units 1 and 2

Clickview: MACROECONOMICS S01 • E04 Economics and Employment

A high rate of employment, or a low rate of unemployment, is a key component of a healthy and growing economy. This video discusses the definition of an employed person, different types of unemployment and underemployment, and how unemployment can result in both economic advantages and disadvantages. Featuring real-life examples statistics and informative graphs and diagrams.