QUESTION 2 Using the table below, what is the Labor Force Participation Ratio (Ifpr) for this economy? Employed 734 Unemployed 111 Not in the Labor Force 124 Round your answer to two (2) decimal places if necessary QUESTION 3 When you consider any individual year, most unemployment is (frictional/structural) because people are constantly quitting or being fired. This unemployment is primarily -term (short/long), since another firm in the same industry typically has an opening. However, the most frequent visitors to the unemployment office are from (frictional/structural) unemployment, which is primarily E-term (short/long) since the industry has changed. Unemployment insurance (aka "welfare checks") are meant to help people in (frictional/structural) unemployment, while job retraining (or going back to college / changing careers) is the main way to help (frictional/structural) unemployment QUESTION 4 Suppose that you deposit $391 at an interest rate of i = 3%. Using the formula for future value, how much will you have in the bank after 39 periods? Round your answer to two (2) decimal places if necessary and do not include a dollar sign QUESTION 5 Suppose you deposit $250 at an interest rate of i=0.3%. Using the rule of 70, roughly how many years will it take for your money to double? Round your answer to two (2) decimal places if necessary and do not include a dollar sign Note: consider your answer to this question when you have to choose a bank account