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Year Unemployment Rate 2011 6% 2012 3% 2013 5% 2014 7% 2015 4% The table above gives the unemployment rate in Newlandia over a 5-year
Year Unemployment Rate 2011 6% 2012 3% 2013 5% 2014 7% 2015 4% The table above gives the unemployment rate in Newlandia over a 5-year period. If full-employment (employment that does not contain any structural component) is 3%, what is the long-term structural unemployment in Newlandia? 4% 2% 7% 8%
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