Economists use labor-market data to evaluate how well an economy is using its most valuable resourceiits people. Two closely watched statistics are the unemployment rate and the employmentpopulation ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employmentpopulation ratio in each of the following scenarios. Effect 0n... EmploymentPopulation Scenario Unemployment Rate Ratio An auto company goes bankrupt and lays off its workers, who immediately start V V looking for new jobs. After an unsuccessful search, some laid-off workers quit looking for new jobs. V v Numerous students graduate from college but cannot find work. V v v v Advances in health care prolong the lives of many retirees