The Data of Macroeconomics - End of Chapter Problem An economy has 100 people working full-time. 20 people working half-time, 40 people looking for work, and 20 people who would like to work but have given up looking for a job after an unsuccessful search, 20 retirees, and 30 children. Calculate the following labor statistics. a. Number of employed: 120 b. Number of unemployed: 20 Incorrect c. Size of the labor force: 160 d. Unemployment rate: 12.5 Incorrect e. Labor-force participation rate: 0.8 Incorrect