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You have been asked to provide expertise on the macroeconomic conditions of several countries, and have been given the following information about the labor force, number of employed workers, and natural rate of unemployment in each country:
Country
Labor Force (millions)
Employed (millions)
Natural rate of unemployment
Bumdumbourge
130
120
6.3%
Mundelow
465
437
6.5%
Totalslava
88
82
6.9%
Potamia
285
264
7.3%
Dortugal
311
295
5.5%
Prance
396
355
9.2%
1. From the data given, which country has the largest number of unemployed people?
2. Totalslava has the smallest number of unemployed people; how does its unemployment rate compare to Bumdumbourge and Mundelow?
3. Which countries are currently in recession? Which countries are experiencing a boom?
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