Figure 7.6: Labor Force Participation Rate: 2000-2015 
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Consider the following data (in thousands): 
For each period:
(a) Calculate the labor force participation rate.
(b) Calculate the unemployment rate. Based solely on the data provided, what might be a "logical" estimate of the natural rate of unemployment?
(c) Calculate the employment-population ratio.
(d) What is the number of discouraged workers?
(e) Comment on your results.
(f) Now, consider Figure 7.6 above. What might explain the decline in the labor participation rate from 2000 to 2015?
Correct Answer:
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For each period, respectively:(a) LFPR...
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