PRACTICE: Calculating unemployment Use the information in the table to answer the following questions: Total Population over the age of 15 249.9 million Employed 148.3 million Unemployed 8.7 million Out of the labor force 92.9 million A. Calculate the following and show your work: Labour Force Participation Rate Unemployment Rate Employment Rate B. What if we now have 1M discouraged workers? Calculate the new unemployment rate and the new participation rate? How are these rates affected when people become discouraged workers