Short Answer
You are given the following information about an economy:
Labor force: 167 million
Not in the labor force: 33 million
Employed: 145 million
Answer the following questions to one decimal point:
a.What is the unemployment rate?
b.What is the relevant population?
c.What is the labor force participation rate?
Correct Answer:
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a.13.2 per...View Answer
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Correct Answer:
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