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Suppose the town of Boone has a total population of 60,000 people Of those, 55,000 people are employed There are 1,000 fultime students who are

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Suppose the town of Boone has a total population of 60,000 people Of those, 55,000 people are employed There are 1,000 fultime students who are not employed or actively seeking work. The rest of the people are out of work but have been actively seeking work. Instructions: In part a, round your answer to 1 decimal place. In part b, enter your answer as a whole number. a. What is the officiai unemployment rate? percent b. Suppose there are 2000 people who are unemployed because of cycical unemployment and another 1000 peoble unempioyed. due to structural unemployment. How many people are unemployed from frictional unemployment

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