The following table includes information on the unemployment rates among workers. Unemployment Rates Among Workers Type...
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The following table includes information on the unemployment rates among workers. Unemployment Rates Among Workers Type of Unemployment Cyclical Discouraged Frictional Structural Rate of Unemployment (percent) 3.4% 4.0 2.6 4.2 Instructions: Round your answers to one decimal place. a. What is the actual unemployment rate? % b. What is the natural rate of unemployment? % The following table includes information on the unemployment rates among workers. Unemployment Rates Among Workers Type of Unemployment Cyclical Discouraged Frictional Structural Rate of Unemployment (percent) 3.4% 4.0 2.6 4.2 Instructions: Round your answers to one decimal place. a. What is the actual unemployment rate? % b. What is the natural rate of unemployment? %
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a To calculate the actual unemployment rate you need to sum up the rates of unemplo... View the full answer
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