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    Exam 5: Monitoring Jobs and Inflation
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    A Labor Force Survey in Brownland Records the Following Data
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A Labor Force Survey in Brownland Records the Following Data

Question 245

Question 245

Essay

A labor force survey in Brownland records the following data:
Employed: 189,000
Unemployed: 15,000
Not in the labor force: 84,000
a) Calculate the unemployment rate.
b) Calculate the labor force participation rate.

Correct Answer:

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a) The unemployment rate is the number o...

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