1. Suppose the working age population is 650 million. The number of people employed is 460 million and the number unemployed is 125 million. a. What is the unemployment rate? b. What is the labor force participation rate? What is meant by the labor force participation rate? c. Why is the working age population different from the labor force? 2. What is the real gdp per capita.? When a country has a high real gdp per capita, what does it say about the country? 3. Based upon the reading in Unit 2, what is meant by the menu cost