Work-eligible population 247 Labor force 159 Not in labor force 88 Employed 144 Unemployed 15According to the above table, the unemployment rate in this economy is equal to 64.8% 9.4% 12.6% 10.4% Step 1: Select the option you believe is correct. Step 2: Justify your choice by either explaining its correctness or identifying an incorrect option and discussing why it is not correct. Utilize the theories covered in the course for your explanation, and provide necessary calculations to support your argument, if required