1. Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. a. Saiful worked 40 hours last week in a music supply store. b. Last week, Elly worked 10 hours as a computer programmer for the National Video Company and attended night classes at the local college. She would prefer a full-time job. C. Ravi lost his job at the R-gone Manufacturing Company. Since then he has been trying to find a job at other local factories. d. Linda is a homemaker. Last week she was occupied with her normal household chores. She neither held a job nor looked for a job. Linda's father is unable to work. Lina has a Ph.D. He worked full-time but does not like his job as a dishwasher. He has applied for jobs with three companies and five universities. As soon as he gets an offer, he will quit his current job. Chan has been out of work for a full year. She would take a job if it was offered, but no local companies are hiring. She is not actively searching f for work. 2. The unemployment rate is 6 percent. If the population is 300 million, and the number unemployed is 6 million and the number employed is 94 million, what is the size of the labor force? 3. Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, the labor force participation rate is 80 percent and the working-age population is 500 million people. What number of people are unemployed? Suppose that ABC population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate. 5. Suppose the working-age population is 150 million, the labor force is 125 million, and employment is 120 million. a. What is the unemployment rate? b. Now suppose that 2 million students graduate from college and begin to look for jobs. What is the new unemployment rate if none of the students have found jobs yet? C. Suppose that all 2 million students find jobs. What is the unemployment rate now? 6. Suppose there are 180 million employed people and 20 million unemployed people. a. What is the unemployment rate? b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers. What is the new official unemployment rate