Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Structural Unemployment
B
Frictional Unemployment
C
Seasonal Unemployment
D
Cyclical Unemployment
Understanding the Answer
Let's break down why this is correct
Answer
The type of unemployment most affected by changes in workforce demographics, such as an aging population, is structural unemployment. This happens when the skills of workers do not match the jobs available in the economy. As the population ages, older workers may retire, and there may be fewer younger workers entering the workforce with the necessary skills for new jobs, especially in technology. For example, if a factory needs workers who understand advanced machinery, but the older employees do not have those skills and younger workers are not trained, the factory might struggle to fill positions. This mismatch can lead to higher structural unemployment as companies find it hard to hire the right people.
Detailed Explanation
Structural unemployment happens when the skills of workers do not match what employers need. Other options are incorrect because Frictional unemployment is about people temporarily being between jobs; Seasonal unemployment occurs when jobs are only available at certain times of the year.
Key Concepts
types of unemployment
workforce demographics
Topic
Unemployment and Labor Force Dynamics
Difficulty
medium level question
Cognitive Level
understand
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