In a Country with a Working-Age Population of 22 Million,16

Multiple Choice

In a country with a working-age population of 22 million,16 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 those unemployed are cyclically unemployed,what is the natural unemployment rate?

A) 11.1 percent
B) 5.6 percent
C) 8.3 percent
D) 9.4 percent
E) none of the above