Full Employment Means Which of the Following Is Zero

question 126

Multiple Choice

Full employment means which of the following is zero?

• A) structural unemployment
• B) cyclical unemployment
• C) frictional unemployment
• D) aggregate unemployment

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Definitions:

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Factors of Production

The factors of production include land, labor, capital, and entrepreneurship, which are the resources used in the process of producing goods and services.

Real GDP

An evaluation of the economic output's value, after accounting for changes in prices because of inflation or deflation, demonstrating the genuine amount of goods and services produced.

Well-Being

The state of being comfortable, healthy, or happy, often used to describe the quality of life for individuals and societies.