Using OECD Statistics (doing your own search), obtain the annual data on the unemployment rate and the employment protection index for all the available countries for year 2015.

(i) Plot a diagram for the unemployment rate and the annual employment protection index for all the available countries for year 2015.

(ii) Using the diagram created in part (i), explain how labour market regulation can influence the rate of unemployment. (Show your finding that you obtain in your Excel file below