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Look at the following data: The frictional unemployment rate is 3 percent, the natural unemployment rate is 6.5 percent, and the cyclical unemployment rate is 2.4 percent. The structural unemployment rate is __________ percent and the actual unemployment rate (in this economy) is __________ percent.

Respuesta :

Answer:

3.5% and 8.9%

Explanation:

We know that

Natural unemployment rate = frictional unemployment rate + structural unemployment rate

So by this above formula we can compute the structural unemployment rate which is shown below:

6.5% = 3% + structural unemployment rate

So, the structural unemployment rate would be

= 6.5% - 3%

= 3.5%

And,

Cyclical unemployment rate = Natural unemployment rate - Actual unemployment rate.

So by this above formula we can compute the actual unemployment rate which is shown below:

2.4% = 6.5% - actual unemployment rate

So, the actual unemployment rate would be

= 6.5% + 2.4%

= 8.9%

Parrain

Based on the frictional unemployment rate and the natural unemployment rate, the following are true:

  • Structural unemployment rate = 3.5%.
  • Actual unemployment rate = 8.9%.

What is the structural unemployment rate?

This can be found as:

= Natural unemployment rate - Frictional rate

= 6.5% - 3%

= 3.5%

What is the actual unemployment rate?

This is:

= Natural unemployment rate + Cyclical unemployment

= 6.5 + 2.4

= 8.9%

Find out more on structural unemployment at https://brainly.com/question/26374644.

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