8. Measuring employment, unemployment, and labour force participation Consider a small economy composed of six people: Nick, Rosa. Tim. Alyssa, Crystal, and Brian. Each person's employment status is described in the following table. Based on the criteria used by Statistics Canada, identify each person's status as Employed, Unempioyed, \"Not in the labour force\"ifnot in the labour force but stilt part of the adutt paputab'on, or \"Not in the adult population' it not in the aduit population. Person Slams v Nick is a 24yearold professional tennis player. when he's not competingr he works as a coach at a local tennis club. v Rosa is a 28yearold professional basketball player. She nished her last season as a player three weeks ago and is currently interviewing for a coaching position. v Tim is a 3?yearold graphic designer who is taking two years off from work to care for his small daughter. v Crystal is a 26yearold who lost herjob as a copyeditor for a local newspaper. She has spent the past few weeks out of work and interviewing for other editing jobs. She is thinking about going back to grad school if her job search doesn't succeed after a few more weeks. v Brian is a 17yearold who just graduated from high school. He is taking it easy this summer, relaxing by the pool with his friends and fa mily, and volunteering parttime at the local nursing home. Alyssa is a 11-year-old student at Southside Middle School. She baby-sits her younger sister and does other chores for which her parents give her an allowance of $25 per week. Complete the right half of the following equation to reflect the labour force participation rate reported by Statistics Canada. Labour Force Participation Rate = According to this formula, what is the labour force participation rate of this economy of six people? O 20% O 60% O 66.67% 200% Complete the right half of the following equation to reflect the unemployment rate reported by Statistics Canada. Unemployment Rate = According to this formula, what is the unemployment rate of this economy of six people? O 20% O 60% O 66.67% O 200%