"Frictional unemployment and the natural rate of unemployment depends on the age distribution of the population.". Explain the statement with suitable reasons
Unemployment rates are typically lower for people older than 24 years of age than they are for those who are 24 or younger.
Prime-age workers, those in the 25–54 years age bracket, are typically at a place in their lives when they want very much to have a job and income arriving at all times.
Some proportion of workers who are under 30 may be trying out jobs and finding out new options in life, while a majority of those over 55 may be eyeing retirement.
Thus, a society with a relatively high proportion of relatively young workers will tend to have a higher unemployment rate than a society with a higher proportion of middle-aged workers.
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The minimum level of net investment necessary to maintain the stock of capital depends on
A) the rate of interest and the size of the capital stock. B) the rate of depreciation and the size of the capital stock. C) the corporate profits tax and the interest rate. D) business confidence and the corporate profits tax.
According to the World Bank, nearly 40 percent of the people on earth subsist on incomes of less than $3 per day.
Answer the following statement true (T) or false (F)