Question

Based on the following table comparing fictional international country unemployment rates, which country from the 1970s to 1985 had the best and healthiest economy? International Comparison of Unemployment Rates Country 1970 1975 1980 1985 Ulidia Agreriven 17% | 6.0% | 5.7% | 4.5% Saede Galoiri 4% |2.8% |3.4% |6.0% 3% |4.5% 3.4% 15.2% 5% | 7.0% | 5.5% | 2.5% Ulidia O Saede It can't be determined just by the information in the table.

Answer 1

Saede has the healthiest economy

	1970	1975	1980	1985	Average	Std
Ulidia	4	2.8	3.4	6	4.05	1.20
Saede	3	4.5	3.4	5.2	4.025	0.87

Frictional unemployment is defined as the unemployment that is resulted because of transition from one job to another.

From the above table we can see that the variation in terms of standard deviation is less for Saede, it has the healthiest economy.