Examlex
In a spreadsheet, rows are marked with letters (A, B, C, etc.) while columns are marked with numbers (1, 2, 3, etc.)
Base Year
A specific year against which economic or financial data is compared to measure economic performance over time.
Structural Unemployment
A type of unemployment resulting from a discrepancy between the skills available in the workforce and those required by employers.
Skills
The abilities and expertise acquired through training or experience that enable an individual to perform tasks effectively.
Natural Rate
The level of unemployment or interest that exists when an economy is balanced, not affected by short-term fluctuations or cyclical, structural factors.
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