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In a Country with a Working- Age Population of 22

Question 54

Multiple Choice

In a country with a working- age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.If 500,000 of the unemployed are cyclically unemployed, what is the natural unemployment rate?


A) 10.0 percent
B) 7.5 percent
C) 2.5 percent
D) 5.6 percent
E) 8.3 percent

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