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1. Suppose that you have the following information for Country X: Population 100,000 Employed 60,000 Unemployed 3.000 Not in labor force 37,000 a. Calculate the
1. Suppose that you have the following information for Country X: Population 100,000 Employed 60,000 Unemployed 3.000 Not in labor force 37,000 a. Calculate the size of the labor force, the labor force participation rate, and the unemployment rate. b. Provide examples of individuals who would be classified as "not in the labor force." c. What economic factors might shift a woman from "not in the labor force" to in the labor force? Discuss. d. Suppose an economic downturn occurred. How would you expect this to affect the nun ber employed, the number of unemployed, and the number classified as "not in the labor force"? Explain
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