PROBLEM: 2 Unemployed Total Population Employed Discouraged Workers Natural rate of unemployment 7 145 94 3 5% The above table contains information about a hypothetical economy. All figures are in millions. 1. Compute the unemployment rate 2. Compute the cyclical unemployment 3. Compute the size of Discouraged Workers with respect to the labour force 4. Given your answer found in 3, does the official unemployment rate statistics overestimate or underestimate the unemployment rate? Explain