1. Unemployment a. Evaluate an 8 % unemployment rate in The Bahamas (hint: 9% is the natural rate of unemployment for the Bahamas) b. In 2019 before the COVID-19 onset the Minister of Tourism, described the Bahamian economy as experiencing full employment. How would the following concepts lead to a different interpretation of the employment status described by the Minister i. Discourage workers ii. Underemployment iii. The underground economy