Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer.

The following table shows employment data for CountryZ

Z's working-age population.

Cyclically unemployed

4,000

Frictionally unemployed

1,000

Structurally unemployed

2,000

Employed

63,000

Not in the labor force

30,000

(a) Calculate the unemployment rate for CountryZ

Z.Show your work.

(b) Calculate the labor force participation rate for CountryZ

Z.Show your work.

(c) Is CountryZ

Zcurrently producing at its potential real output? Explain.

(d) Assuming constant opportunity costs, draw a correctly labeled graph of countryZ

Z'sPPC

PPC, showing consumer goods on the horizontal axis and capital goods on the vertical axis. Label a pointW

Won the graph that reflects the current level of unemployment.

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