A General Mismatch Between the Skills of Unemployed Workers and the Skills

question 117

Multiple Choice

A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) a higher labor force participation rate.

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Definitions:

GDP

Gross Domestic Product; a measure of the economic output of a country, representing the total value of all goods and services produced over a specified time period.

GDP

Gross Domestic Product is the aggregate market value of all ultimate goods and services made within a nation over a specified period.

Total Income

The aggregate income earned by all individuals or entities in an economy, including wages, profits, and rent.

Total Expenditure

The sum of all outlays or spending by an individual, household, or an economic entity within a certain period of time.