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7. (02.03 HC) The Bureau of Labor Statistics takes a survey and reports the following unemployment data: Based on this data, what is the

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7. (02.03 HC) The Bureau of Labor Statistics takes a survey and reports the following unemployment data: Based on this data, what is the natural unemployment rate in the economy? (2 points) Number of Workers Classified as Employed 178 million Number of Workers Cyclically Unemployed 12 million Number of Workers Frictionally Unemployed 3 million Number of Workers Structurally Unemployed 7 million Working-age Population 300 million 3.3 percent 5 percent 6 percent 12 percent 33 percent

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