12AD / 12MU - Edmentum Finance - U1-L8

Which type of unemployment is a result of workers transitioning from one job to another?

• cyclical unemployment

• frictional unemployment

• seasonal unemployment

• structural unemployment

The United States reported that there currently are not enough skilled technology workers to fill the demand for open positions. Meanwhile, there is less demand for manufacturing jobs than in the past. These are examples of ________________.

• cyclical unemployment

• frictional unemployment

• seasonal unemployment

• structural unemployment

The _______ unemployment rate is the lowest unemployment rate an economy can bear for any period.

In 2020, workers living in LaLa Land produced a total of $190 million worth of goods and services. Meanwhile, citizens of LaLa Land living in foreign countries produced a total of $45 million. Both of these figures would be included in LaLa Land's ___.

• GDP

• GNP

Which of the following GDP figures accounts for the impact of inflation?

• Real GDP

• Nominal GDP

Why do economists often use the consumer confidence index as an indicator of economic health in the near future?