ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Structural
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Frictional
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Cyclical
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Clinical
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Detailed explanation-1: -Functional unemployment is not categorized under any type of unemployment.
Detailed explanation-2: -Real unemployment is not one of the types of unemployment, but it’s an important term to understand. Many people argue that instead of the “official” unemployment rate, we should use an alternate rate.
Detailed explanation-3: -Demographic is not a type of unemployment. The correct answer is D as this refers to people and the population.
Detailed explanation-4: -Cyclical unemployment is the number of people out of work as a result of a temporary setback in the economy, such as a recession or change in a business cycle.
Detailed explanation-5: -Seasonal unemployment. Frictional unemployment. Cyclical unemployment. Structural unemployment.