Exhibit 16-2 Unemployment categories
Category# ofIndividuals
Frictional unemployment 20
Structural unemployment 35
Cyclical unemployment 60
Discouraged workers 5
Underemployed workers 10
Fully employed workers410
Population900
Using the information in Exhibit 16-2, the number of individuals included in the natural rate of unemployment is
A. 20.
B. 35.
C. 55.
D. 60.
Answer: D
Economics
You might also like to view...
The standard way to measure the effect of debt in an economy is the stock of debt relative to the GDP
Indicate whether the statement is true or false
Economics
If a union successfully negotiates for higher wages and benefits for steel workers, what impact would this have on supply and demand in the market for steel, assuming no other changes take place in this market?
What will be an ideal response?
Economics