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WAEC Economics 2009 Question 4

Question 4

Labour Market

A type of unemployment which occurs due to technological progress is called

  1. A.frictional unemployment
  2. B.residual unemployment
  3. C.structural unemployment
  4. D.mass unemployment
Show the answer and explanation

Answer: C (structural unemployment)

Explanation

When machines and new methods replace workers, the change in the structure of production causes structural (technological) unemployment.