Multiple Choice
Exhibit 16-2 Unemployment categories
Find the BLS's rate of unemployment from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000.
A) 17.5 percent
B) 23.3 percent
C) 38.3 percent
D) 39.3 percent
Correct Answer:
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