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Marks) Answer each of the following questions by showing any calculations required or by providing a written explanation. 1. (7 Marks) In Banana Town, there

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Marks) Answer each of the following questions by showing any calculations required or by providing a written explanation. 1. (7 Marks) In Banana Town, there are five thousand six hundred residents, and the breakdown of the residents who reside in Banana Town are as follows; 720 individuals are full-time students who are able to work, but are not seeking employment 690 individuals are unemployed, available to work, but can't find a job 520 individuals are less than 15 years old, not inclusive 370 individuals are working part time, but would like to work full time 330 individuals are current in the military and are considered to be not in the working age population 250 individuals are over the age of 65 and are retired from work 130 individuals are working 15 hours a week, and are happy about it 60 individuals are staying at home to care for their children 10 individuals are unemployed and have given up searching for a job The remaining individuals is of working age population and are currently employed full time Construct a population tree and accurately fill in the above information for each component. (5 Marks) b. Calculate the unemployment rate, labour force participation rate, employment to population ratio, and involuntary part time rate in Banana Town. (2 Mark)

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