Question

CategoryNumber (in millions) Unemployed 5.00 Unemployed more than 27 weeks 1.00 Fictionally unemployed 2.00 Cyclically unemployed...

CategoryNumber (in millions)

Unemployed 5.00

Unemployed more than 27 weeks 1.00

Fictionally unemployed 2.00

Cyclically unemployed 1.25

Discouraged workers 1.00

Workers who are part time but want full time work 3.00

Marginally attached workers 5.00

Employed 120

Population aged 16 and above 250

Total population 300

_________

What is the natural rate of unemployment?

_________

Calculate our measure of long-term unemployment.

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