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Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469 Exercise 3
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...
Economics 11th Edition by William McEachern
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