Unemployment rates:

Civilian, non-institutional, population over 16 years of age in country X is 200 million. Of the 200 million 140,000,000 are employed, and 24,000,000 are unemployed of whom 3,000,000 are frictionally and 5,000,000 are structurally unemployed.

Youmustround numbers up to the nearesthundredth decimal:

For example, 34.1277 = 34.13.

a.Calculate the actual (or total) unemploymentrate. ___________________

b.Calculate the NaturalRateof Unemployment (NRU). _______________

c. Calculate the cyclical unemploymentrate. ______________________

d.Is this country in a recession or a boom? _____________________________

e.Explain your answer to part d. ________________________________________