In February 2012, the Bureau of Labor Statistics calculated the unemployment rate to be 8.3%. If frictional unemployment was 2% and structural unemployment was 3.2%, then cyclical unemployment was _____%.
A) 2.5
B) 3.1
C) 12.5
D) 5.5

Question

Quizplus · Accepted Answer

Frictional unemployment + Structural unemployment + Cyclical unemployment = Total unemployment rate
2% + 3.2% + Cyclical unemployment = 8.3%
Cyclical unemployment = 8.3% - 2% - 3.2%
Cyclical unemployment = 3.1%

In February 2012, the Bureau of Labor Statistics Calculated the Unemployment