03d) Table 1: Consider the following table that contains key macroeconomic data for Country H: Economic Data 2019 2020 Working Age Population (WAP) (in millions) 43.33 42.97 Employed Persons (E) 27.5 26.2 Unemployed Persons (U) 1.1 1.45 Consumer Price Index (CPI) 118 115 Consumers Spending $783 $700 03 d) Calculate the labour force participation rate (LFPR%) and the unemployment rate (UR%) in 2020. (2 marks) [Answer and show workings here] Answer 3d) Labour Force Participation Rate (2020) = Unemployment Rate (2020) = Q3e) Calculate the inflation rate between 2019 to 2020 for Country H. (3 marks) [Answer and show workings here] Answer 3e) The inflation rate between 2019 2020 = 03f) Given the key macroeconomic indicators from your calculations from 03d) and Q3e), which phase the economy of country H is in? Explain. (2 marks) [Answer here] Answer 3f) The economic is in = Peak g recession g trough g recovery [Type the correct answer] Explanation