Suppose that the Republic of Economists (ROE) is a country with a population of 30,000 people. Of those 30,000 people, 20,000 of them are age 15 or older. You also know that in this economy there are 9,000 employed people and 1,000 unemployed people. Among the 1,000 unemployed workers, 250 of these workers are involved in job searches focused on locating jobs that are a good fit for their specific skills and talents. An additional 200 of these unemployed workers are searching for jobs in the market where there are few vacancies, at the prevailing wage rate, due to the type of job that is being sought. Assume that there are no seasonally unemployed workers in this economy. What is the labour force participation rate in the ROE? For this calculation assume that all adults are part of the population to be considered (i.e., there is no military, no institutionalized people, and no other scenario where the adult population is not considered when calculating this labour force participation rate). a. 50% b. 55% c. 60% d. 70% e. None of the other answers are correct