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5 August, 18:58

Currently in? Economica, the frictional rate of unemployment is 1.0?%, the structural rate of unemployment is 2.0?%, and the cyclical rate of unemployment is 3.0?%. In the? winter, there is seasonal unemployment of? 1%. In this? country, the seasonally adjusted natural rate of unemployment would be considered to be ___%

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  1. 5 August, 19:13
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    3.0%

    Explanation:

    Data given in the question

    Frictional rate of unemployment = 1.0%

    Structural rate of unemployment = 2.0%

    Cyclical rate of unemployment = 3.0%

    Seasonal unemployment = 1%

    So, by considering the above information the natural rate of unemployment is

    As we know that

    Natural rate of unemployment = Frictional unemployment + structural unemployment

    = 1% + 2%

    = 3.0%
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