Consider the following information about two nations: In nation A, the number of employed is 4,917,000 and the size of the labor force is 5,401,000. In nation B, the number of employed is 2,733,000 and the size of the labor force is 3,078,000. Instructions: Round your answers to one decimal place. a. What is the unemployment rate in each nation? Nation A: 96 Nation B: '36 b. Nation A has (Click to select] v unemployed workers and (Click to seleci} v unemployment rate compared to nation 8. Assume you have the following information about an economy: Labor Force of on Economy Number of People (millions) Po-ulation over a-e 16 257.40 161-40 Not in the labor force 151-80 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? '36 c. Suppose that'l.1 million currently unemployed workers decide to no longer actively look for work. What is the unemployment rate in this economy now? l:l% d. What is the new labor force participation rate