Question: Based on the following data, compute (a) The unemployment rate, (b) The structural unemployment rate, (c) The cyclical unemployment rate. The frictional unemployment = 2

Based on the following data, compute
(a) The unemployment rate,
(b) The structural unemployment rate,
(c) The cyclical unemployment rate.
The frictional unemployment = 2 percent, natural unemployment rate = 5 percent, civilian labor force = 100 million, and number of employed persons = 82 million.

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