QUESTION 2: UNEMPLOYMENT 10 points total Assume the following data was just reported for a small country of Springton. 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 Springton. Show your work. (1 pt) b. Calculate the labor force participation rate for Springton. Show your work. (1 pt) c. Is Springton currently at potential GDP (and the natural rate of unemployment)? Explain. (2 pts) d. Identify which type of unemployment (cyclical, frictional, structural) each of the following would be and EXPLAIN your reasoning. (2 pts each) i. A recent law school graduate who is looking for a firm that is a good fit. ii. A line cook who has struggled to find work due to restaurant closures in an economic downturn. iii. A manufacturing worker who was laid off due to increased use of automation on the production line