Structural Unemployment Is

question 87

Multiple Choice

Structural unemployment is:

• A)the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers.
• B)the extra unemployment that occurs during periods of recession.
• C)short-term unemployment that is associated with the process of matching workers with jobs.
• D)long-term and chronic unemployment that exists even when the economy is producing at a normal rate.

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Definitions:

Premium

An amount paid in addition to a standard price, often for insurance, or a higher or more privileged level of service or product.

Expected Value

A calculated average of all possible outcomes of a particular random variable, weighted by their respective probabilities.

Certain Income

Certain income refers to a guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a period.

Uncertain Income

Uncertain income refers to earnings that fluctuate and are not guaranteed, often associated with irregular work or investment returns.