Examlex
Suppose there are 10 million in the labour force, and 600 000 unemployed people.During the next month, 20 000 people lose their jobs and 30 000 find jobs.The new total of employed persons is __________ and the new unemployment rate is ___________.(Assume there are no new entrants into the labour force.)
Income Mobility
The extent to which individuals or households can move up or down the income distribution ladder within a society over time.
Wealth Inequality
The unequal distribution of assets among a population.
Income Quintile
A statistical measure dividing the population into five equal groups based on income levels, to analyze economic inequality.
Gini Ratio
A measure of the income distribution within a population, indicating inequality where 0 represents perfect equality and 1 represents perfect inequality.
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