Natural rate of unemployment in examplestan

Question

The country of Examplestan has 100,000,000 citizens. 50,000,000 are adults who are employed or are actively seeking work.

2 million have been laid off due to recession

1 million have quit their jobs to look for work in cities with better climates

1.5 million Have skills that do not match any jobs in their region.

What is the natural rate of unemployment in Examplestan?

a) 1.0%

b) 2.5%

c) 4.5%

d) 5.0%

e) 9.0%

Posted Date: 3/29/2014 1:51:16 AM | Location : United Kingdom(UK)

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