In a Country with a Working-Age Population of 30 Million

question 33

Multiple Choice

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 those unemployed are cyclically unemployed, what is the natural unemployment rate?

• A)5.6 percent
• B)5 percent
• C)6.7 percent
• D)11.1 percent
• E)1 percent

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Definitions:

Development

The process of growth or progress in any entity, often involving evolutionary expansion or advancement.

Conjoined Twins

Twins that are physically connected to one another at birth, resulting from the incomplete separation of twin embryos during pregnancy.

Fertilization

The process in sexual reproduction where a sperm cell unites with an egg cell, leading to the formation of a zygote.

Sperm

The male sex cell.