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Using the information provided below for an arbitrary economy Not in W.A.P. 6.4 million Students (Not working) 9.2 million Unemployed (seeking) 3.5 million Unemployed (not

Using the information provided below for an arbitrary economy Not in W.A.P. 6.4 million Students (Not working) 9.2 million Unemployed (seeking) 3.5 million Unemployed (not seeking) 1.7 million Full time workers 13.7 million Involuntary P.T. workers 0.9 million Voluntary P.T. workers 2.4 million Stay at home parents 4.0 million a. Construct the population tree and fill in the corresponding values for each component. b. Calculate the unemployment rate. c. Calculate the labour force participation rate. d. Calculate the employment to population ratio. e. Calculate the involuntary part time rate.

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