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In a Country with a Working- Age Population of 30

question 14

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In a country with a working- age population of 30 million, 18 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.If 1 million of the unemployed are cyclically unemployed, what is the natural unemployment rate?


Definitions:

Zygote

The initial cell formed when a sperm cell and an egg cell combine, marking the beginning of a new organism's development.

Germinal Stage

The earliest phase of prenatal development, consisting of the first two weeks after conception, during which the zygote begins to divide and implant in the uterine wall.

Embryonic Stage

The period in prenatal development from fertilization until around the end of the eighth week, where significant growth and differentiation of the embryo occurs.

Teratogen

Any agent that can cause developmental malformations (birth defects) in a fetus when exposure occurs during pregnancy.

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