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Question: 6 suppose the following data describe a nations year 2...

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6. Suppose the following data describe a nations Year 2 Year I 310 million 150 million 8 percent 315 million Population Labor Force Unemployment rate 160 million 7 percent How many people ure unemployed in each year? (5 pts) b. How many people are employed in each ycar? (5 ps) c. If in Year 1 the full-employment level of output was $3,000 billion and the full-employment rate of unemployment was 5.5%, how much potential GDP was lost in Year l based on Okuns Law? (4 pls) d. List and briely discuss the different types of uncmployment mentioned in class. (6 pts)
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