Complete the right half of the following equation to reflect the labour force participation rate reported by the Australian Bureau of Statistics. Labour Force Participation Rate = According to this formula, what is the labour force participation rate of this economy of six people? O 40% 50% O 80% 100% Complete the right half of the following equation to reflect the unemployment rate reported by the Australian Bureau of Statistics. Unemployment Rate = According to this formula, what is the unemployment rate of this economy of six people? O 40% O 50% 80% 100%1!). Identifying unemployment Consider a small economy composed of six people: Felix, Janet, Larry, Megan, Susan, and Raphael. Each person's employment status is described in the following table. Based on the crlterla used by the Australian Bureau ol'Statlstlcs, ld'entlfy each person's status as Employed, Unemployed, "lllot lo the labour force'lf not in the civilian labour loose but still part of the adult population, or \"Not in the adult oopulatlon\"ll not in the civilian adult population. Person Status Felix is a ?1-year-old professor. He teaches only one or two courses a year. but he's still Not in the labour force V pursuing an active research agenda. Janet is a 33yearold professional basketball player Not in the labour force V . She nished her last season as a player three weeks ago and is currently interviewing for a coaching position. Larry is a 39year-old graphic designer who is taking two years off from work to care for Not in the adult EoEulation V his small daughter. Susan Is a 31yearold science teacher who taught at West ilalleyr Middle School last year. Emploxed V Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor. Raphael is a 20yearold university student. It's summer now, and he is working as a V lifeguard. Megan is a 11yearold student at East Valley Middle School. She babysits her younger V brother and does other chores for which her parents give her an allowance of $25 per week