The Natural Rate of Unemployment Exercise1 Use the table below to answer the following questions: Number of People (In miliilons) ed Labor Force Employed 157.3 5.2 5.3 2.9 Cyclically unemployed Frictionally unemployed Instructions: Round your answers to 2 decimal places. a. Calculate the actual unemployment rate and the natural rate of unemployment for this economy Actual rate of unemployment: 7% Natural rate of unemployment % b. Now assume that cyclical unemployment decreases by 17 million while structural unemployment increases by o.S million. Caiculate the unemployment rate and the natural rate of unemployment for this economy Actual rate of unemployment Natural rate of unemployment