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
The unemployment rate for the economy in Exhibit 6-2 is:
A. 12.8 percent.
B. 21.5 percent.
C. 22.2 percent.
D. 30.5 percent.
Answer: B
Economics
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The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support of the welders' union. This is known as
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Economics