Look at the Following Data: the Frictional Unemployment Rate Is

question 73

Multiple Choice

Look at the following data: The frictional unemployment rate is 3 percent,the natural unemployment rate is 6.5 percent,and the cyclical unemployment rate is 2.4 percent.The structural unemployment rate is __________ percent and the actual unemployment rate (in this economy) is __________ percent.

• A) 3; 8.9
• B) 3.5; 8.9
• C) 3.5; 9.5
• D) 5.4; 2.4
• E) none of the above

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Definitions:

Proportion

A segment, piece, or amount evaluated in terms of its overall magnitude.

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The provincial government in Canada responsible for public policy and administration in the province of Alberta.

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The organized provision of medical care to individuals or a community through services offered by medical and allied health professionals.

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Public services provided by government, non-profit organizations, or individuals to help improve people's quality of life.