Page 135 - Macroeconomics. book docx_Neat

4. Structural unemployment occurs due to:

A. Seasonal changes

B. Mismatch between skills and job requirements

C. Economic recession

D. Population growth

Answer: B

5. Budget deficit occurs when:

A. Government revenue exceeds expenditure

B. Government expenditure exceeds revenue

C. Exports exceed imports

D. Savings exceed investment

Answer: B

6. External debt refers to:

A. Domestic borrowing

B. Loans taken from foreign sources

C. Private sector debt

D. Household borrowing

Answer: B

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