Theresa May at War Memorial Event

The video provides a brief introduction to the concept of unemployment, explaining its significance in economics and its impact on society.

What is the primary focus of the concept of unemployment?

• The number of people employed

• The number of people without jobs

• The number of job vacancies

• The number of people in education

Which type of unemployment is caused by technological advancements?

• Structural unemployment

• Seasonal unemployment

• Cyclical unemployment

• Frictional unemployment

What type of unemployment occurs when people are between jobs?

• Structural unemployment

• Frictional unemployment

• Seasonal unemployment

• Cyclical unemployment

How does unemployment affect the economy?

• Increases job opportunities

• Increases consumer spending

• Decreases government spending

• Reduces overall economic output

What is a common cause of cyclical unemployment?

• Seasonal changes

• Economic recessions

• Changes in technology

• Personal choice