The type of unemployment Peter Pan is experiencing is structural unemployment
Unemployment occurs as one or more employees lose their job. This situation does not have the same cause in all cases and based on this unemployment is classified in:
- Structural unemployment
- Geographical unemployment
- Voluntary unemployment
- Frictional unemployment
- Seasonal unemployment
Structural unemployment occurs when there are changes in the economic system. This includes changing from an economy with predominant human labor to one based on the use of machines.
This is the type of unemployment Peter Pan is experiencing because he lost his job due to changes in the economy, in this case, changes in labor and manufacturing.
Complete question:
Peter Pan was fired from his job at the Peanut Butter factory because he is being replaced by RoboCop (a highly efficient peanut butter machine).
Identify the type of unemployment
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The answer to this question is B.) China and India. China has apporiximently 700,000,000 people and India has approximently 500,000,000 people. Making up for 36% of the worlds population.
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