1- If in Canada the working-age population is 34 million, 17.5 million are employed, 1.5 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. Calculate the unemployment-rate, employment rate and participation rate (for each calculation, show the formula and your work).

2- How are the results for the employment rate and participation used (i.e., what do the numbers tell us)?