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In an Economy,out of 221

Question 59

Essay

In an economy,out of 221.6 million potential workers,180.65 million are employed.If the labor force in the economy is 200.5 million,calculate:
a)The number of unemployed workers
b)The unemployment rate
c)The labor force participation rate
d)The number of potential workers who are not a part of the labor force

Correct Answer:

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a)Labor force = Number of employed worke...

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