Solved

Answer the Question on the Basis of the Following Information

Question 24

Multiple Choice

Answer the question on the basis of the following information about the hypothetical economy of Scoob.All figures are in millions.  Unemployed 7 Total Population 145 Employed 95 Discouraged Workers 3\begin{array} { l l } \text { Unemployed } & 7 \\\text { Total Population } & 145 \\\text { Employed } & 95 \\\text { Discouraged Workers } & 3\end{array} Refer to the given information.If the natural rate of unemployment in Scoob is 5 percent,then:


A) structural unemployment is about 3 percent.
B) frictional unemployment is about 2 percent.
C) cyclical unemployment is about 2 percent.
D) hidden unemployment is about 5 percent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents