Structural Unemployment Comes from a Mismatch Between the Skills Workers

question 124

True/False

Structural unemployment comes from a mismatch between the skills workers have the the skills new jobs require.

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Definitions:

Second-hand Cars

Vehicles that have been previously owned and used by one or more owners.

Current-dollar GDP

Gross Domestic Product measured in current prices, without adjusting for inflation or deflation.

Constant-dollar GDP

Gross domestic product figures that have been adjusted for inflation to reflect the real value of goods and services produced in a country.

Underground Economy

Economic transactions that occur outside of government regulation or taxation, including illegal activities and unreported income from legal activities.