The Unemployment Rate Will Not Fall to Zero Because of

question 112

Multiple Choice

The unemployment rate will not fall to zero because of

• A)Cyclical unemployment
• B)Frictional unemployment
• C)Welfare
• D)Voluntary unemployment
• E)All of the above

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Definitions:

GDP

The entire financial value of all conclusive goods and services brought forth within a nation over an established duration is encapsulated by Gross Domestic Product.

Consumption Sector

The part of the economy that involves the purchase and use of goods and services by households.

Social Security

A government program that provides financial support to people who are retired, disabled, or survivors of deceased workers.

Payroll Tax

Assessments required from employers or their employees, usually expressed as a percentage of the remuneration that staff earn.