The Table gives the Natural and Actual Rate of Unemployment for all significant Peaks and Troughs since 1966.

Using the Okun's Law, fill in the second column ("Predicted Cyclical Unemployment") in the table using output gap calculations [in percent units and rounded to the nearest 100^thof a percent].

Using the data in the table, compute actual cyclical unemployment rate to fill in the last column of the table [in percent units and rounded to the nearest 100^thof a percent].(g) Compute cyclical unemployment from the data given in the table above to fill in the last column. How does your prediction in (f) compare to the data on cyclical unemployment? Briefly describe. [Hint: does the prediction get the sign correctly? How far off is the prediction (e.g., within 1 percentage point or not)?] (3 points)

The Figure below shows the Cyclical Unemployment since 1966. The Table gives the Natural and Actual I Rate of Unemployment (UE) for all significant Peaks and Troughs since 1966. 10 8 6 4 2 0 -2 -4 1966Q1 US Peaks and Troughs Cyclical Unemployment 1964-2022 1970Q4 1973Q2 1975Q2 1970Q4 1973Q2 1975Q2 1978Q4 1982Q4 1989Q3 1991Q4 2000Q2 2003Q1 2006Q1 2009Q2 2018Q3 2020Q2 2021Q4 * All data in %. 1978Q4 198204 1989Q3 1991Q4 Predicted Natural YearQuarter Cyclical UE Rate of UE 1966Q1 5.70 5.93 6.09 6.18 6.24 6.12 5.77 5.60 5.21 5.10 4.99 4.87 4.58 4.50 4.45 Actual Rate of UE 3.87 5.83 4.93 8.87 5.90 10.67 5.23 7.10 3.93 5.87 4.73 9.30 3.77 12.97 4.20 7 Cyclical UE 201803 202002 2021Q4