Question: Hi, please help me with the below stated question. I will need the answer and working for it. Thank you so much. I don't have

Hi, please help me with the below stated question. I will need the answer and working for it. Thank you so much. I don't have much time, only an hour to complete this question. I hope to have your kind assistance as soon as possible.

Hi, please help me with the below stated question. I will need

There are FOUR (4) questions in this section. Answer ALL questions. Question 1 In April 2021, the United States had a labor force of 141,230,000, employment of 135,706,000, and there were 67,986,000 people not in the labor force. Answer the following questions and show your workings. a) Calculate the unemployment rate. (2 Marks) b) Calculate the participation rate. (2 Marks) c) Calculate the employment ratio. (2 Marks) d) Suppose there are 10 million unemployed out of a labor force of 100 million. This means an unemployment rate of 10/100 = 10, or 10 percent. Recalcuate the unemployment rate if 1 million previously discouraged workers re-enter the workforce and start looking for work but do not immediately find employment. (4 Marks) e) What is meant by the phrase "not in the labor force?" Give TWO (2) examples of why people might be in this state. (4 Marks) f) Explain how and why the unemployment rate may actually rise during an economic recovery. (4 Marks) (Total: 18 Marks)

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