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Frictional unemployment rate is 3%, structural unemployment rate is 2.1%, seasonal unemployment rate is 0.8%, actual...

  1. Frictional unemployment rate is 3%, structural unemployment rate is 2.1%, seasonal unemployment rate is 0.8%, actual unemployment rate is 8%. Calculate the cyclical unemployment rate.
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Answer #1

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Frictional unemployment rate is= 3%,

structural unemployment rate is= 2.1%,

seasonal unemployment rate is= 0.8%,

actual unemployment rate is =8%.

The cyclical unemployment rate=actual unemployment rate- Frictional unemployment rate is - structural unemployment rate- seasonal unemployment rate

=8-3-2.1-0.8

=2.1%

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