Suppose employed person in an economy is 137.5 million, unemployed 9 million and population is 220.8 million.

i)Calculate

• a.labor force
• b.not in labor force
• c.unemployment rate
• d.labor force participation rate

ii)Suppose the population increases by 1% the labor force increases by 3% the number of unemployed persons increases by 2% Compute the percentage changes in the labor force participation rate and the unemployment rate