A country's total civilian non institutional adult population is 1 million, and 500,000 people in this country are working, with another 20,000 looking for work. Which of the following statements about the labor force statistics in this country is accurate? a) The employment rate is 50% and the unemployment rate is 2% b) The unemployment rate is 2% and the labor force participation rate is 52% c) The employment rate is 96.15% and the labor force participation rate is 52% D) the labor force is 500,000 and the labor force participation rate is 50%   How is this answer calculated?

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