Unit 4.7 - Paper 2 Exam Practice Questions
Unit 4.7 - Paper 2 Exam Practice Questions[2][2][2][4][4][4]The following data for are for Country X.Calculate the unemployment rate for Country X to 2 dp. Show your working out.[2][4]Answers(a) Define frictional unemployment. [2](b) Define structural unemployment. [2](c) Define cyclical unemployment. [2](d) Explain why low unemployment is a key macroeconomic objective. [4]
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