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9. You are given the following data on the unemploy ment rate and output in France. Year 1 2 3 4 Unemployment rate 8% 7%

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9. You are given the following data on the unemploy ment rate and output in France. Year 1 2 3 4 Unemployment rate 8% 7% 9% 10% Output 39,000 41,500 40,600 42,000 {1. Assume that the natuIEil rate of unemployment is 8% and that (Y 10/)\" = 2(u E). Find the full- employment level of output in each year. b. Calculate the growth rate of full-employment out- put in years 2, 3, and 4 in two different ways. First, calculate the growth rates by using the values for full-employment output that you found in part (a). Then calculate the growth rate of fullemployment output by using only the change in the unemploy- ment rate, the growth rate of output, and the growth rate version of Okun's law, AY/ Y = 35/? 251.1, which is similar to Eq. (3.6), which is similar to Eq. (3.6), except that in Eq. (3.6), 37/? = 3 for the United States, where for this economy, 517/? could differ from 3. Compare your answers from the two sets of calculations

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