Question 4. Unemployment A country's economically active population is 60. There are 20 kids in the country. Of the working-age people, 19 are not interested in jobs: they are retirees, stay at home partners, and full-time students. 38 people have jobs. (a) Find the labor force participation rate. Show work. (b) Find the unemployment rate. (q) Another country has an economically active population of 340, a labor force of 280, and 20 unemployed. Then: a student graduates and starts looking for a job a company CEO retires another person becomes discouraged yet another person quits their job to become a police officer Find the country's labor force participation rate and the unemployment rate after these events, Show work. (d) A country's natural rate of unemployment is 4% and the cyclical unemployment is 1%. What can you say about the country's actual unemployment and the phase of the business cycle the country is in