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Assume you have the following information about an economy Labor Force of an Economy Number of People (millions) Population over age 16 249.99 Labor force

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Assume you have the following information about an economy Labor Force of an Economy Number of People (millions) Population over age 16 249.99 Labor force 152.40 Not in the labor force 88.50 Employed 143.80 Unemployed 8.60 Instructions: Round your answers to two decimal places a. What is the unemployment rate in this economy? b. What is the labor force participation rate? % c. Suppose thot 0.9 million currently unemployed workers decide to no longer actively look for work. What is the unemployment rate in this economy now? % d. What is the new labor force participation rate? %

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