A country with a civilian population of 120,000 (all over the age 16) has 100,000 employed and 10,000 unemployed persons, of which 5,000 are frictionally unemployed and another 3,000 structurally unemployed. Given the above data, complete the following questions, show your work:

a.What is the size of the labor force?

b.What is the labor unemployment rate?

c.What is the force participation rate?

d.What is the employment/population ratio?

e.What is the natural rate of unemployment?

f.Is this economy in a recession or a boom? Explain.