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Labor Force Statistics by Age -Refer to Labor Force Statistics by Age

Question 103

Multiple Choice

Labor Force Statistics by Age.Suppose people in the adult population in a small country are classified based on their age.  Lebar Farce Status  lets then 55 55 and alder  Number enplayed 400,000100,000 Number unamplayed 25,0007,000 Numbe in Papulation 600,000200,000\begin{array} { | l | c | c | } \hline { \text { Lebar Farce Status } } & \text { lets then 55 } & 55 \text { and alder } \\\hline \text { Number enplayed } & 400,000 & 100,000 \\\hline \text { Number unamplayed } & 25,000 & 7,000 \\\hline \text { Numbe in Papulation } & 600,000 & 200,000 \\\hline\end{array}
-Refer to Labor Force Statistics by Age. Suppose that the natural rate of unemployment is 5% for those under 55 and 3% for those 55 and older. The cyclical unemployment rate for those under 55 is


A) .88% which is greater than the cyclical unemployment rate for those 55 and older.
B) .88% which is less than the cyclical unemployment rate for those 55 and older.
C) -.83% which is greater than the cyclical unemployment rate for those 55 and older.
D) -.83% which is less than the cyclical unemployment rate for those 55 and older.

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