Suppose that you have the following information for country X:

Population: 100,000 Employed: 60,000 Unemployed: 3,000 Not in labor force: 37,000

a. Calculate the size of the labor force, the labor force participation rate, and the unemployment rate.

b. Provide examples of individuals who would be classified as “not in the labor force.”

c. What economic factors might shift a woman from “not in the labor force” to “in the labor force”? Discuss.

d. Suppose an economic downturn occurred. How would you expect this change to affect the number of employed, the number of unemployed, and the number classified as “not in the labor force”? Explain.