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Please show it step by step!! Thanks The latest labour survey for the country of Examinia reveals that: . The working age population is 30,000,

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The latest labour survey for the country of Examinia reveals that: . The working age population is 30,000, and the labour force is 18,000. . 14,000 people are in full-time employment. . 16,000 people reported that they have been paid for at least one hour of work in the previous week. Out of these 16,000 people, 1,000 reported that they would like to work more hours than they currently are. (a) Calculate the labour force participation rate. Show all workings. (2 marks) (b) State the number of employed persons, and calculate the unemployment rate. Show all workings. (3 marks) (c) Given the information provided above, can the underemployment rate be calculated? If so, calculate the underemployment rate. If not, explain why. (2 marks) (d) Suppose the rate of structural unemployment is 5% and the rate of frictional unemployment is 9%. Using the total unemployment rate you have calculated in part (b), calculate the rate of cyclical unemployment. Is the country of Examinia in an economic contraction or expansion? (3 marks) (e) Suppose 1,000 previously discouraged workers have just started looking for work and are available for work immediately, but have yet to receive job offers. State whether this will increase or decrease the unemployment rate, and briefly justify your

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