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Consider the following labor statistics for adult population (age 16 and older) in Mexico displayed in the table below (all numbers in millions). 1. Using

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Consider the following labor statistics for adult population (age 16 and older) in Mexico displayed in the table below (all numbers in millions). 1. Using data above, calculate the unemployment rate for Mexico. Hint 2. Supposed that as a result of economic downturn 5 million workers become demoted and their status changes from full-time to part-time workers. Using data above, calculate new unemployment rate taking into account these newly created part-time workers. Hint 3. What has happened to the unemployment rate as a result of people being changed from full-time to part-time workers? Unemployment rate remains unchanged. Unemployment rate increases. Unemployment rate decreases

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