CLO: Quantitative Literacy Use processes, procedures, data, or evidence to solve problems and make effective decisions. After completing the activity, you will be able to: Determine the total population. Compute the unemployment rate. Measure the Labor force participation rate. 1. Suppose that you are given the following information. 2. Answer the following questions: (Apply Formula) Show your work to receive full credit. Labor force 250 million Adults in the military 2 million Population below 16 50 million Employed adults 200 million Institutionalized adults 3 million Not in labor force 50 million 1. What is the total population? 1 pt. 2. How many people are unemployed?1 pt. 3. What is the unemployment rate? 1 pt. 4. What is the labor force participation rate? 1 pt. 5. Computations. 1pt