In Chapter 3, we learned how individual consumption and saving vary over the life cycle: Figure 3.7: Life-cycle Consumption, Income and Saving a. (3 marks) Using data provided, plot how participation rate varies over the life cycle and explain if it is consistent with the income patterns as depicted in Figure 3.7. (Use plots and less than 100 words to answer). b. (3 marks) Using data provided, generate plots to show how labour force participation rate over the life cycle has changed over time for men and women, by comparing participation rates patterns in May 1980 and May 2019. Briefly summarise your main findings (Use less than 100 words to answer)