ABC country is described by many economists as a somewhat prosperous and diverse country with a stable economy. The country has a population of 8 million adults. In 2020 - 2021, ABC country experienced economic shocks due to C-19 pandemic. In the 4th quarter of 2021, the country began to emerge from Covid '19 economic downturn and reported the following employment data. Of the 8 million adult population, 5 million are fully employed. Based on the brief description of ABC country, describe the country's employment and unemployment status. Calculate ABC's unemployment rate and describe how you would classify the unemployed population. (*) If need be, you may combine categories to describe the unemployed population. Include calculation in your report. (you may ref. U.S. FRB video on unemployment for comparison purposes)