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University of the Philippines

SCHOOL OF ECONOMICS

Economics 100.1

Forth Lon! E"#m

M#y 1$% &01'

S.L. (im)o Felici#no*Inocencio*Men+o,#*Pormon

N#me- /iscssion Cl#ss Section-

St+ent No.- Set N#me-

Instrctions-

1. mon! the popl#tion% ' million people 2or3e+ p#y for in the p#st 2ee3% ' million people +i+

not 2or3 for p#y )t h#+ )een see3in! # 4o)% ' million people #!e+ 15 to 5' +i+ not 2or3 for p#y#n+ h#+ not )een see3in! # 4o) for the p#st seven months% #n+ 6' million 2ere n+er #!e 15. 7he

nemployment r#te% !iven these nm)ers% is #ppro"im#tely-#. 5% ). 89 c. 109 +. &09 e. 6'9

&. :hich of the follo2in! does not help explain 2hy the m#4ority of the nemploye+ in #

+evelopin! contry li3e Philippines #re not poor;

#. 7he contry +oes not provi+e nemployment insr#nce.

). 7here #re m#ny lo2 )ec#se they h#ve no s#vin!s or soci#l net2or3s to

help them +rin! 4o) se#rch-

+. Hi!her e+c#tion #mon! m#ny 4o) see3ers m#3es them pic3ier #)ot the 4o)s they #ccept.

e. (All the above are part of the explanation.)

refer to the t#)le )elo2 )#se+ on the reslts of the ?ly &016 ron+ of @PhilippineA L#)or Force Srvey.

Category July 2014

(Thouan!

)

July 201"

(Thouan!)

Hosehol+ popl#tion 1' ye#rs ol+ #n+#)ove

56%0$0 5B%180

L#)or Force 61%&5& 60%B$&

Un+eremploye+ $%0'0 $%15

Unemploye+ &%$$8 &%51

Notes: Details may not add up due to rounding. The figures exclude data from Leyte.

B. :h#t is the l#)or force p#rticip#tion r#te in ?ly &016;

#. B.B 9 b. #4.4 % c. 100 9 +. $' 9 e. @None of the #)ove.A

6. :h#t is the employment r#te in ?ly &016;

a. $5.$ 9 ). 50.1 9 $. "." % +. ,ero e. @None of the #)ove.A

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'. :h#t is the n+eremployment r#te in ?ly &016;

#. 11.0 9 ). 1$.1 9 c. 1&." % +. $.0 9 e. @None of the #)ove.A

5. :hich of the follo2in! is 'T#n #!!re!#te spply shoc3;

#. l#r!e oil