Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS. Labor Force Participation Rate = According to this formula, what is the labor force participation rate of this economy of six people? 20% 60% 66.67% 200% Complete the right half of the following equation to reflect the unemployment rate reported by the BLS. Unemployment Rate = According to this formula, what is the unemployment rate of this economy of six people? 20% 60% 66.67% 200%1. Measuring employment, unemployment, and labor force participation Consider a tiny hypothetical economy composed entirely of the following people: Sean, Yvette, Bob, Cho, Ginny, and Eric. Each person's employment status is given in the following table, Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Status Sean is a 25-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club. Yette is a 38-year-old steelworker who was just laid off by her employer .She is trying to find any kind of job to help make ends meet. Bob is a 80-year-old retired professor. He enjoys volunteering at the local public library. Ginny is a 26-year old who lost her job as a copy editor for a local newspaper. She has spent the past few weeks out of work and interviewing for other editing jobs, She is thinking about going back to grad school if her job search doesn't succeed after a few more weeks. Eric is a 17-year-old who just graduated from high school, He is taking it easy this summer, relaxing by the pool with his friends and family, and volunteering part-time at the local nursing home, Cho is a 10-year-old student at River Rock Middle School. She babysits her younger cousin and does other chores, so her parents give her an allowance of $25 per week