If a Few Industries Contribute to a Significant Percentage of a Country's

question 65

True/False

If a few industries contribute to a significant percentage of a country's GDP, the country is at a relatively higher risk of structural unemployment.

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Definitions:

Variable Manufacturing Overhead

Costs of manufacturing that vary directly with the level of production, aside from direct labor and materials.

Fixed Manufacturing Overhead

Indirect production costs that remain constant regardless of the volume of production, such as factory rent and salaries of managers.

Direct Labour

The labor costs directly attributable to the production of goods or services, typically wages paid to workers who are directly involved in manufacturing.

Direct Materials

Raw materials that are directly traceable to the production of specific goods or services and are an integral part of the finished product.