1. The information in the table belowis for the economy of Mensk. Round your responses below to one decimal place.

Working-age population	25.0
Number of people in full-time employment	10.5
Number of people in part-time employment	6.0
Number of people unemployed	3.0
Number of discouraged workers	2.3
a. Unemployment rate	_________%
b. Participation rate	__________%

a. What is the unemployment rate? b. What is the participation rate?

2) Suppose that actual real GDP in Merryland is $200 billion and its potential GDP is $240 billion. If the natural rate of unemployment is 4%, what is its present unemployment rate? Present unemployment rate is ___________%

3) Look at the following graph