30 points NOTE: show your work in the margin; partial credit will be awarded where appropriate 11. Facts: (A) Potential GDP has been calculated to equal $5,265 billion; (B) the total labor force is 140 million persons; (C) total unemployment has risen to 15 million persons, including ) frictionally unemployed: 3 million persons; (ii) structurally unemployed: 2 million;, and(ii) the balance, are cyclically unemployed Questions: I. What is the unemployment rate? II. What is the NRU? III. What is (X) the actual GDP and (Y) the GDP gap? ? (insert your answer in the appropriate adjacent space) IV. If all the information set forth above remains the same but the total labor force shrinks to 130 million persons because 10 million have become "discouraged" and have therefore left the workforce and are not seeking employment, would you expect the GDP gap to be (X) the same as(Y) less than your answer to the immediately preceding question? (check your answer in the appropriate adjacent space) or (Z) more th the GDP gap set forth in