QUESTION 5 The following picture represents the unemployment rate from 1940 to 2018 11 10 8 V Unemployment Rate In Percent 4 3 2 1940 1950 1960 1970 1980 1990 2000 2010 2020 Year This picture shows that the unemployment rate has followed a long term increasing trend just like GDP per capita True O FalseQUESTION 3 Consider the following picture: 3.5 w Natural Log of Per capita income and trend 2.5 Trend 2 . . . . . . Actual 1.5 1900 1920 1940 1960 1980 2000 2020 Year What is the difference between the "actual line" and the "trend line"? The business cycle component Economic growth in the long run Real GDP per capita Real GDPQUESTION 4 Consider the following picture, representing the natural log of labor productivity from 1950 to 2020 -2.2 -2.4 -2.6 Natural Log of Labor Productivity -2.8 -3 -3.2. .. -3.4 1940 1950 1960 1970 1980 1990 2000 2010 2020 Year This graph shows a roughly constant rate of growth of labor productivity between 1950 and 2020 O True False