1. Measuring employment, unemployment, and labor force participationConsider a tiny hypothetical economy composed entirely of the following people: Alex, Becky, Clancy, Dileen, Kate, and Hubert. Each person'semployment status is given in the following tablBased on the criteria used by the Bureau of Labor Statistics (ALS), Identify each person's status as employed, unemployed, "not in the labor fornot in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population.PersonAlex is a 23-year-old professional tennis player. When he's not competing, he works as acoach at a local tennisclubBecky is a 42-year-old steelworker who was just laid off by her employerShe is trying to find any kind of job to help make ends meet.Clancy is a 40-year-old accountant who has been out of work for almost a year. Hebecame so discouraged that he gave up on his job search a couple of months agoKats is a 29-year-old who lost her job as an associate producer for a podcast. Afterspending a few weeks out of work and interviewing for several other positions, the gaveup on her job search and decided to go back to grad school. She made that decision a fewmonths ago.Hubert is a famous novellet. He is spending the summer at his lake house Wisconsin,doing a little writing each day but mostly spending his time gardening and reading.Cleen is a 11-year-old student at Moutain River Middle School. She babyelte her youngersiblings and does other chores, so her parents give her an allowance of $20 per week.Complete the right half of the following aquation to reflect the labor force participation rate reported by the DLSLabor For Partition Rate:According to this formula, what is the labor force participation rate of this economy of six people?O 11.11%Ⓒ40%O 60%Complete the right half of the following aquation to reflect the unemployment rate reported by the DLSUnemplogement FlateAccording to this formula, what is the unemployment rate of this economy of six people?Ⓒ 11.11%O 40%Ⓒ 50%StatueⒸ 60%

An employed person is a person who is 16+ years old and currently engaged in some formal employment…

· Measuring employment, unemployment, and labor force participation oneider a tiny hypothetical economy composed entirely of the following people: Alex, Becky, Clancy, Eleen, Kate, and Hubert. Each person's mployment status is given in the following ased on the criteris used by the Bureau of Labor Statistics (ILS), identify each person's status as employed, unemployed, "not in the labor f of in the civilan labor force but all part of the adult population, or "not in the adult population if not in the civilian adul population. Alex is a 23-year-old professional terme player When he's not competing, he works a Becky is a 43-year-old steelworker who was just laid off by her employer She is trying to find any kind of job to help make ende meet. Clancy is a 40-year-old accountant who has been out of work for almost a year became so discouraged that he gave up on his job search a couple of months ago Kate is a 29-year-old who losther job as an associate producer for a pod. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision fo months ago. Hubert is a famous novelat. He is spending the summer at his lake hou W doing all writing each day but mostly spending his time gardening and reading Cleanis L-year-old student at Houtain River Middle School. She babyther younger siblings and does other chores, so her parents give her an allowance of $30 per week. amplete the right half of the following equation to reflect the labor force participation rate reported by the DLS aber Foros Participation Rate == manding to this formule, what is the labor force participation rate of this economy of six people? Ⓒ 33.33% Ⓒ 40% O 50% Ⓒ00% amplete the right hair of the following equation to reflect the unemployment rate reported by the S Inemplogement Hate cording to this formula, what is the unemployment rate of this economy of people? Ⓒ 40% O 50% - 60%