As president of Econ Land your economic advisor, A. Boom, is filling you in on some of

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As president of Econ Land your economic advisor, A. Boom, is filling you in on some of the issues that Econ Land's economy faces, such as unemployment. Econ Land has 1,000 residents of working age. Assume 600 currently work for pay. 120 of them are currently unemployed but looking for work. 150 are stay at home parents, 80 are full time students, and 50 are retired. Calculate Econ Land's unemployment rate, labor force participation rate, and employment-population ratio