1. Use the following data to calculate

(a) the size of the labor force,

(b) the official unemployment rate, and

(c) the labor force participation rate (Chapter 3) for a hypothetical economy: population 5 500; population 16 years or older and noninstitutionalized 5 400; people employed full- or part-time 5 200; people unemployed and actively seeking work 5 20; people who have quit seeking work due to lack of success 5 10; part-time workers seeking full-time jobs 5 30.