(5 Points) Suppose That There Are 150 Millions Of Population Of Working Age Individuals. 93 Millior Are Employed. 23 Millions Are Underemployed. 12 Millions Do Not Have Jobs And Have Been Looking A Job In The Prior Four Weeks. Marginally Attached Workers Are 8 Millions And Discouraged Workers 3 Millions. (1) Calculate The Official Unemployment Rate For This

 

(5 points) Suppose that there are 150 millions of population of working age individuals. 93 millior are employed. 23 millions are underemployed. 12 millions do not have jobs and have been looking a job in the prior four weeks. Marginally attached workers are 8 millions and discouraged workers 3 millions. (1) Calculate the official unemployment rate for this economy. Show your work. (2) Calculate the official participation rate. Show your work. (3) Suppose that underemployed workers count as the unemployed. Calculate the unemployment rate. Show your work.