Consider the Following: a Country's Frictional Unemployment Rate Is 3

question 2

Multiple Choice

Consider the following: A country's frictional unemployment rate is 3%, the natural unemployment rate is 5.5%, and the cyclical unemployment rate is 2.4%.Calculate the structural unemployment rate and the unemployment rate.

• A)structural unemployment rate = 3%; the unemployment rate = 7.9%
• B)structural unemployment rate = 2.5%; the unemployment rate = 7.9%
• C)structural unemployment rate = 2.5%; the unemployment rate = 5.4%
• D)structural unemployment rate = 2.4%; the unemployment rate = 5.4%

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Definitions:

Mass

A property of physical objects that quantifies the amount of matter within them, typically measured in kilograms or grams.

Volume

A measure of the amount of space an object or substance occupies.

Dense

Having a high concentration of mass or substance in a specified volume; commonly used to describe objects or materials that are tightly composed without much space between particles.

Volume

A measure of the amount of space that a substance or object occupies or that is enclosed within a container.