16- OkunVille's Minister of Labour presents you with the following information: Age Age Age Age 55, but 24 younger 54 than 65 Full-time workers in the formal and informal sectors 0 80 250 220 Want a job, but are not searching as they believe jobs are 0 2 4 difficult to come by Part-time workers who are satisfied with their jobs 22 17 12 Don't have a job, but have searched for one within the past 16 25 45 four weeks Don't want a job now 250 0 0 Part-time workers who wish to be employed full-time 0 50 20 3 Waiting to be recalled to a job from which they had been laid 0 2 8 5 off Working in their own business 0 15 30 40 Unpaid workers in a family member's business 0 10 20 30 lolo Salowe Calculate the (strict) unemployment rate (1%) Select one: O a. The (strict) unemployment rate is 9.50% O b. The (strict) unemployment rate is 10.98% O c. The (strict) unemployment rate is 11.74% O d. The (strict) unemployment rate is 51.45%