1. Unemployment rates:

Civilian, non-institutional, population over 16 years of age in country A is 193 million. Of the 193 million, 131,240,000 are employed, and 23,160,000 are unemployed of whom 2,316,000 are frictionally and 5,790,000 are structurally unemployed.(10 points)

You must round numbers to the nearesthundredthdecimal:

For example, 34.1277 = 34.13, and 34.1215 = 34.12.

a.Calculate the actual (or total) unemploymentrate. ___________________

b.Calculate the NaturalRateof Unemployment (NRU). _______________

c. Calculate the cyclical unemploymentrate. ______________________

d.Is this country in a recession or a boom? _____________________________

e.Explain your answer to part d. ________________________________________