Use the Following to Answer Questions: Table: Unemployment Statistics for Country

question 65

Multiple Choice

Use the following to answer questions: Table: Unemployment Statistics for Country X $$\begin{array} { l l l } \hline \text { Type of Unemployment } & \mathbf { 1 9 9 5 } & \mathbf { 2 0 0 5 } \\\hline \text { Frictional unemployment } & 1.5 \% & 1 \% \\\text { Cyclical unemployment } & 3.4 \% & 4.7 \% \\\text { Structural unemployment } & 2.5 \% & 1.9 \% \\\hline\end{array}$$
-(Table: Unemployment Statistics for Country X) Using the data in the table, what is the natural unemployment rate for this country in the year 2005?

• A) 1%
• B) 4.7%
• C) 2.9%
• D) 1.9%

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Definitions:

Third Party

An entity that is not directly involved in a legal transaction or agreement but may be affected by it or have an interest in it.

Negotiable

Refers to a document or contract containing a promise to pay a specified amount, which can be transferred or sold to another party.

Instrument

A legal document formally expressing a certain action, decision, or obligation.

Drawer

The party in a transaction who writes and signs a check or draft instructing a drawee, such as a bank, to pay a specified sum of money to the payee.