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Unemployment problems; please help if you can I need asap but time is limited! Thank you. Part 1: Unemployment Analis- Answer the questions regarding the

Unemployment problems; please help if you can I need asap but time is limited! Thank you.

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Part 1: Unemployment Analis- Answer the questions regarding the ctitious country of Peytopia. The nation oir Peytopia has a workingage population of 200 million people. Cunenlly, 100 million people have full time jobs and another 35 million people have parttimeJI'Obs. Of the 25 million people that would like a job butane not cunenti'y employed, 15 million are actively engaged in searching lore job while 10 million ha ye given up looking for a job. 1. How many million people are currently in the labor force of Peytopia? Calculate the labor force participation rate. What is the total number of people counted as unemployed? Calculate the unemployment rate. Show your work. Suppose that the 10 million people that have given up looking for a job suddenly all decide to start looking for a job. Calculate the new number of people in the labor force. Would the new unemployment rate be greaterthan or less than the unemployment rate you calculated in question 4

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