Hi, please list out the formulas where necessary , graphs where necessary , if the question doesnt require it, its fine not have it but please do put it down if it helps you to explain .explain it and list out the formulas used with explanations of formulas,themeaning of the symbols. Please dont provide a poor answer. Please explain the formula or the graph if there is one .Thank you!

Q11. European replacement ratios. The graph below shows the monthly unemployment rates for the five largest European economies between 2002 and 2012. FRED.~ - Harmonized Unemployment Rate: All Persons for Spain@ - . Harmonized Unemployment Rate: All Persons for France@ - . Harmonized Unemployment Rate: All Persons for Italy@ - Harmonized Unemployment Rate: All Persons for United Kingdom@ . . Harmonized Unemployment Rate: All Persons for Germany@ 25.0 22.5 20.0 17.5 15.0 (Percent) 12.5 10.0 7.5 5.0 2.5 2004 2006 2008 2010 2012 2015 research.stlouisfed.org In the table below are the replacement ratios for the same five countries in 2008 and 2012 (replacement ratios tell you what percentage of their former wage an unemployed worker will receive in benefits; the "67AW" denotes that this calculation is done for a worker who was earning 67% of the countries' average wage before becoming unemployed 8). RR - 67AW RR - 67AW Country (2008) (2012) Spain 78% 79% France 69% 69% Italy 72% 69% Germany 59% 59% United Kingdom 55% 54%(a) If two countries are initially identical and then one country changes the replacement ratio, which of the variables described in the textbook [e.g. f, u, )l, 5, Z, U, N, L, etc.) do you expect to be affected most directly? (b) If you only had the data in the table, what would you have predicted about the relative levels of unemployment in the ve countries? Is the most recent data in the graph consistent with this prediction