The population rate The inflation rate The employment rate The labor force participation rate The unemployment rate is the percentage of the working-age population in the labor force. Part 2 Suppose an economy is given by: Population = 254 million Working-age population = 124 million Labor force = 87 million The number of people employed = 79 million The number of people unemployed = 8 million The labor force participation rate for this economy is enter your response here%. (Enter your response rounded to one decimal place.)