The table to the right shows the distribution of the population aged Suppose that among the 17.0 million unemployed people, currently 6.7 million are frictionally unemployed, 8.3 million are cyclically unemployed, and 2.0million are structurally unemployed. What and older into three groups: people who are employed, those who are unemployed, and those not in the labor force. is the natural rate of unemployment? If among the 17.0 million unemployed people, 6.7 million are frictionally unemployed, 8.3 million are cyclically unemployed, and 2.0 million are structurally unemployed, then the natural rate of unemployment is percent. (Enter your response rounded to one decimal place.) Distribution of the Adult Population. (millions) Employed Unemployed Not in Labor Force question: 1 point(s) possible 154.8 17.0 76.3

The table to the right shows the distribution of the population aged Suppose that among the 17.0 million unemployed people, currently 6.7 million are frictionally unemployed, 8.3 million are cyclically unemployed, and 2.0million are structurally unemployed. What and older into three groups: people who are employed, those who are unemployed, and those not in the labor force. is the natural rate of unemployment? If among the 17.0 million unemployed people, 6.7 million are frictionally unemployed, 8.3 million are cyclically unemployed, and 2.0 million are structurally unemployed, then the natural rate of unemployment is percent. (Enter your response rounded to one decimal place.) Distribution of the Adult Population. (millions) Employed Unemployed Not in Labor Force question: 1 point(s) possible 154.8 17.0 76.3

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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List and explain the various unemployment rates used by the BLS, and indicate which one of the 6 is the official unemployment rate.
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