Llwa College of Technology Group Work 1 Question 2: Answer the following questions: A. Identify the type of unemployment for each of the following cases: 1. A person is not happy in his current job because his qualifications we higher than the wo requirements. He applied for a new job that Tias his qualifications and experience and he is walking to take the new job. So, he resigned from his current job and he is currently unemployed. Mar a (6 mars 2. The economy has moved recently into a recession phase. As a result, many people have become (15 mures unemployed (15) 3. Competition from foreign companies causes unemployment. With the strong competition from Chinese exports in the local economy, some businesses in the bicycle industry closed down causing (1.5 miles) higher unemployment in this industry, 4. Recently, technological advances in the cur industry such as the spread of electrical cars production, have caused some workers in the traditional car industry to become unemployed. (1.5 marks) B. If the frictional unemployment rate is 1.3%, the structural unemployment rate is 19% and the cyclical unemployment rate is 2.8%. Calculate the natural rate of unemployment. (2 marks) C. How is a discouraged worker classified? Is he unemployed or out of the labor force. (1 mark)