on oo (20 points total) Suppose there are 24,000 people living in Macroland. Of these 24,000 people, 1,000 are too young to work, and 1,000 are too old to work. Of the remaining individuals, 10,000 are employed with full time jobs; 6,000 are employed part-time but wish to work full time; 2,000 are underemployed but working full-time jobs; 2,000 are currently not working but are looking for full time work; and the remainder are discouraged workers. What is the size of the labor force in Macroland? Show your calculations. What is the employment rate? What is the rate of unemployment? What percentage of the population are discouraged workers? Suppose you are told that 100 people find jobs for every $10,000 increase in the level of aggregate output in Macroland. If you wanted the unemployment rate to equal 8%, what would the change in aggregate output need to be? Assume no changes in the number of young and old in the population or in the number of discouraged workers. What additional information would you need to calculate the natural rate of unemployment for Macroland? Be sure to define the natural rate of unemployment