27. Using the macroeconomic data as presented in #26 above. The natural rate ofunemployment in this hypothetical economy is9%9.86%8.52%cannot be computed based on information provided9.68% 26. Given the following macroeconomic data of a hypothetical economy:- number of individuals who are employed = 7,500- number of individuals who are frictionally unemployed = 720- number of individuals who are structurally unemployed = 100- number of individuals who are cyclically unemployed = 150- number of individuals who are considered to be "discouraged workers" = 75

Labor force = Employed + unemployed = 7500 + 720 + 100 + 150 = 8470 Discouraged workers are not…

Answered: 27. Using the macroeconomic data as…

27. Using the macroeconomic data as presented in #26 above. The natural rate of unemployment in this hypothetical economy is O 9% 9.86% O 8.52% cannot be computed based on information provided

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

27. Using the macroeconomic data as presented in #26 above. The natural rate of
unemployment in this hypothetical economy is
9%
9.86%
8.52%
cannot be computed based on information provided
9.68%

26. Given the following macroeconomic data of a hypothetical economy:
- number of individuals who are employed = 7,500
- number of individuals who are frictionally unemployed = 720
- number of individuals who are structurally unemployed = 100
- number of individuals who are cyclically unemployed = 150
- number of individuals who are considered to be "discouraged workers" = 75

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