Compute the unemployment and cyclical unemployment rate

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Reference no: EM13733567

Based on the following data, compute the (a) unemployment rate rate (b) cyclical unemployment rate, and (c). structural unemployment

The frictional unemployment rate = 2%

Seasonal unemployment = 1.5%

Natural unemployment rate = 5%

Civilian labor force = 120 million

Employed persons total = 105 million

Reference no: EM13733567

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