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Based on the table, we can deduce that this economy is currently at its natural rate of unemployment: True.

The types of unemployment rate.

Basically, unemployment rate is divided into various types and these include the following;

  • Cyclical unemployment rate (CU)
  • Frictional unemployment rate (FU)
  • Structural unemployment rate (SU)
  • Actual unemployment rate (AU)
  • Natural Rate of Unemployment (NU).

Based on the table, we can infer and logically deduce that this economy is currently at its natural rate of unemployment because the addition of frictional unemployment rate, cyclical unemployment rate, and structural unemployment rate is equal to the total unemployment as shown below:

TU = 3.9 + 0.0 + 1.1

T.U = 5.0.

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Complete Question:

The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.

Unemployment Type      Rate(Percent)

Frictional                                3.9

Cyclical                                0.0

Structural                         1.1

Total unemployment         5.0

True or false: this economy is currently at its natural rate of unemployment?

okpalawalter8

We may conclude that the unemployment rate in this economy is now at its natural level: True.

What are the Unemployment rates by kind?

Generally speaking, the unemployment rate may be broken down into the following categories:

The unemployment rate fluctuates with the economy's ups and downs (CU)

  • Temporary inability to find work (FU)
  • Structural rate of joblessness (SU)
  • Unemployment in the real world (AU)
  • Jobless Claims Percentage of the Population (NU).

This economy is now experiencing its natural rate of unemployment, as indicated in the table below: the sum of frictional, cyclical, and structural unemployment is equal to the overall unemployment rate.

Three hundred and ninety-nine to one.

T.U. = 5.0.

For further information about cyclical unemployment.

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