Calculate the Natural Rate of Unemployment with Given Employment Data
The natural rate of unemployment can be calculated as:
'Natural rate of unemployment = (1 - percentage of employed who lose their jobs) / (1 + percentage of unemployed who find jobs)'
Substituting the given values, we get:
'Natural rate of unemployment = (1 - 0.009) / (1 + 0.21) = 0.991 / 1.21 = 0.819'
Converting this to a percentage, we get:
'Natural rate of unemployment = 0.819 * 100% = 81.9%'
Therefore, the answer is none of the options provided.
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