The actual unemployment rate in the economy is 9%. If the natural rate of unemployment is 5%, then we are certain that the: * 10 points A. frictional unemployment rate is 4%. B. cyclical unemployment rate is 4%. C. structural unemployment rate is 4%. D. cyclical unemployment rate is 14%. E. cyclical unemployment rate is 5%.

Answers

Answer 1

Answer:

B. cyclical unemployment rate is 4%

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

Basically, unemployment rate is divided into various types and these include; cyclical unemployment rate (CU), frictional unemployment rate (FU), structural unemployment rate (SU), Actual unemployment rate (AU) and Natural Rate of Unemployment (NU).

In this scenario, the actual unemployment rate in the economy is 9%. If the natural rate of unemployment is 5%, then we are certain that the cyclical unemployment rate is 4%.

[tex] Cyclical \; unemployment \; rate (CU) = Actual \; unemployment \; rate (AU) - Natural \; unemployment \; rate (NU) [/tex]

[tex]CU = AU - NU[/tex]

Substituting into the equation, we have;

[tex]CU = 9 - 5[/tex]

Cyclical unemployment rate = 4%

Related Questions

Which type of budget indicates more expenses than income?
O O O O
a deficit budget
a balanced budget
a debt budget
an equity budget

Answers

Answer:

a deficit budget

Explanation:

A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.

An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.

A restaurant that serves $1400 a day in meals to 140 customers with an average cost of goods sold per unit at $7.00.
What is the average unit of sale for this business?

Answers

Answer:

=$10

Explanation:

The average unit of sales will the total serves per day divided by the total number of customers.

= $1400/140

=$10

The average unit of sale is $10

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