AP Macro Topic 2.3 Unemployment Part 2: Putting It Together- Answer the questions regarding the licibous country of CMfordia. The nation of Cliffordis has a working-age p abon of 200 milion people. Currently, 100 million people have full time jobs and anoil 35 million people have part-time jobs. Of the 25 million people that would like a job but are not currently employed, 15 milion are actively engaged in searching for a job while 10 milion have given up looking for a job. 5.How many people are currently in the labor force of Caffordis? 6, Calculate the labor force participation rate. Show your work. 7. What is the total number of people counted as unemployed? 8. Calculate the unemployment rate. Show your work. 9. Suppose that the 10 million people who have given up looking for a job suddenly all decide to start looking for a job. Calculate the new n people in the labor force. 10. Would the new unemployment rate calculated in question ca? Explain your je er than of less than the unemployment rate you 11. Explain why the change in the unemployment rate in question #10 exemplifies one of the main criticisms of the unemployment rate. Part 3: Practice. Identity if the following e most likely considered frictional unemployment (FR). structual unemployment (57). Cyan inplopment (CY) or not counted in the labor force (NC), 12 A Mil-time chel quits his job to find a part-tine po 13. A newspaper delivery driver loses tus job as people buy fe lewar newspapers. 14- A full-time Uber driver I she can buy a new car. 15 security schoology improves 16 crease in the demand for lobsters, 17. current joyer for a job If she gets out of jail early. 18 Iworking security at a local mall. 19 at home to raise her kids. Part 4: Stretch Your Thinking 20. Explain whyg! not mean or unan ployment