Employed $159\mathrm{.}4$

Structurally unemployed $3\mathrm{.}5$

Cyclically unemployed $2\mathrm{.}1$

Frictionally unemployed $2\mathrm{.}5$

Instructions: Round your answers to two decimal places.

a$.$ Calculate the actual unemployment rate and the natural rate of unemployment for this economy.

Actual rate of unemployment: $4\mathrm{.}84$ Numeric ResponseEdit Unavailable. $4\mathrm{.}84$ correct.$\%$

Natural rate of unemployment: $3\mathrm{.}76$ Numeric ResponseEdit Unavailable. $3\mathrm{.}76$ incorrect.$\%$

b$.$ Now assume $1\mathrm{.}3$ million cyclically unemployed workers become employed. At the same time, $0\mathrm{.}7$ million employed workers become structurally unemployed. Calculate the unemployment rate and the natural rate of unemployment for this economy.

Actual rate of unemployment: $3\mathrm{.}98$ Numeric ResponseEdit Unavailable. $3\mathrm{.}98$ incorrect.$\%$

Natural rate of unemployment: $6$ Numeric ResponseEdit Unavailable. $6$ incorrect.$\%$