Jose Graduated from College in June 2018

question 48

Multiple Choice

Jose graduated from college in June 2018. In July 2018, he was surveyed by his country's Bureau of Labor Statistics and was counted as unemployed. Also in July 2018, he applied for a job with Goldman Sachs and started work on August 1, 2018. What type of unemployment does Jose represent?

• A) frictional
• B) seasonal
• C) cyclical
• D) structural

---

Definitions:

Constant Percentage

A method or rate that remains unchanged over a specified period or under certain conditions.

Capital Expenditure

Capital allocated by a business to purchase, improve, and sustain tangible assets like real estate, factories, or machinery.

Purchase Price

The amount of money paid to buy goods or services.

Fair Value

Fair Value is the estimated market value of an asset or liability, based on current conditions and comparable transactions.