The Following Table Shows Some Labor Statistics for Four Years

question 12

Multiple Choice

The following table shows some labor statistics for four years.

-Refer to the table above.Based on these 4 years of data,what is the best estimate for the natural rate of unemployment?

• A) 7.1 percent
• B) 7.4 percent
• C) 7.7 percent
• D) 8.1 percent

---

Definitions:

Duty Delegated

The assignment of responsibilities or tasks by someone in authority to another person or entity.

Privity of Contract

A doctrine in contract law that stipulates that only parties involved in the contract have the rights and responsibilities to enforce it.

Contract Rights

The legal benefits and obligations that are created by a contract for the parties involved.

Incidental Benefit

A non-intended advantage or favor a party receives from a contract made between other parties.