Use the following data to calculate (a) the size of the labor force, (b) the official unemployment rate, and (c) the labor force participation rate (defined in Ch. 3) for a hypothetical economy with: Population=500 Population 16 years or older and noninstitutionalized=400 People employed full or part time=200 People unemployed and actively seeking work=20 People who have quit seeking work due to lack of success=10 Part time workers seeking full time jobs=30 Note: Omit the existence of the 30 part time works seeking full time jobs