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Consider the Following: a Country's Structural Unemployment Rate Is 3

Question 84

Multiple Choice

Consider the following: A country's structural unemployment rate is 3.2%, the natural unemployment rate is 5.6%, and the cyclical unemployment rate is 4.7%.Calculate the frictional unemployment rate and the unemployment rate.


A) frictional unemployment rate = 2.4%; the unemployment rate = 5.6%
B) frictional unemployment rate = 2.4%; the unemployment rate = 10.3%
C) frictional unemployment rate = 5.6%; the unemployment rate = 13.5%
D) frictional unemployment rate = 7.9%; the unemployment rate = 12.6%

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