East Westfalia reported these unemployment rates for 2015: cyclical 3 percent, seasonal 2 percent, frictional 4 percent, and structural 6 percent. The official unemployment rate is 15 percent.

Question

Quizplus · Accepted Answer

The official unemployment rate is the sum of all types of unemployment: cyclical, seasonal, frictional, and structural. Adding these rates (3% + 2% + 4% + 6%) equals 15%.

East Westfalia Reported These Unemployment Rates for 2015: Cyclical 3