In a Country with a Working-Age Population of 30 Million,18

Multiple Choice

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.If 1 million of those unemployed are cyclically unemployed,what is the natural unemployment rate?

A) 5.6 percent
B) 5 percent
C) 6.7 percent
D) 11.1 percent
E) none of the above