Analyse the impact that the increasing number of social grants may have on the:
3.3.1 Unemployment rate
3.3.2 Teen mothers
Evaluate THREE ways in which employment will minimize emotional stress.
Give advice to young job seekers on which strategies they can follow if they
experience rejection while job hunting.
Critically discuss TWO emotional / personal benefits that will motivate you to find
a job.
Propose TWO sustainable ways in which businesses could assist the schools to
ensure that school leavers are better prepared for the workplace.
Answers
Answer:
The natural rate of unemployment is related to two other important concepts: full employment and potential real GDP. The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate. When the economy is at full employment, real GDP is equal to potential real GDP. By contrast, when the economy is below full employment, the unemployment rate is greater than the natural unemployment rate and real GDP is less than potential. Finally, when the economy is above full employment, then the unemployment rate is less than the natural unemployment rate and real GDP is greater than potential. Operating above potential is only possible for a short while, since it is analogous to workers working overtime.