What types of unemployment will still exist when the economy is at the natural rate of unemployment?
A) frictional, structural, and cyclical unemployment
B) frictional and cyclical unemployment only
C) frictional and structural unemployment only
D) structural and cyclical unemployment only
Question 2
What is the annual rate of growth of per capita real GDP if real GDP grows at a constant rate of 5 percent per year and the annual rate of population growth is 3 percent?
A) 8 percent B) 5 percent C) 2 percent D) 1.7 percent
Question 3
Refer to the scenario above. What will be the capital stock in the economy in the current year, if the capital stock in the last year was worth 600?
A) 1200 B) 1040 C) 900 D) 1000