2. In an economy there were initially 2 million people working and another 100,000 seeking work. Subsequently a recession occurred, and 500 000 people were laid off and began seeking work, while 70 000 of those previously seeking work gave up searching out of discouragement. What is the true unemployment rate after the recession of Select one: a. 28.3% b. 29.5% 0.25.4% d. 15.39 4. In an economy there were initially 2.5 million people working and another 100,000 seeking work. Subsequently a recession occurred, and 400 000 people were laid off and began seeking work, while 70 000 of those previously seeking work gave up searching out of discouragement. What is the official unemployment rate after the recession Select one: a. 25.5% O b. 15.79 O c. 17.0% O d. 15.7% How to Calculate the Unemployment Rate HELP WANTED Nam nemployment Rate Civilian Labor Force Workers Who Count as "Unemployed" + 16 years or older - Available to work futetime in the past 4 wook - Actively looking for work n the past wooks Exception temporary la off workers the balance