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    Principles of Macroeconomics
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    Exam 9: Unemployment and Its Natural Rate
  5. Question
    The Unemployment Rate Is Defined as the Percentage of the Labour
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The Unemployment Rate Is Defined as the Percentage of the Labour

Question 111

Question 111

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The unemployment rate is defined as the percentage of the labour force that is unemployed. The labour-force participation rate is the percentage of the adult population that is either employed or unemployed.

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