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Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548 Exercise 2
MEASURING UNEMPLOYMENT Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent.
a. What would be the size of the U.S. labor force?
b. If 85 million adults are not working, what is the unemployment rate?
a. What would be the size of the U.S. labor force?
b. If 85 million adults are not working, what is the unemployment rate?
Explanation
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Given information:
• U.S non-institutio...
Econ 4th Edition by William McEachern
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