-Consider the following data from August,2010: 
(a)Calculate the labor participation rate.
(b)Calculate the unemployment rate.
(c)What is the number of discouraged workers?
(d)Consider Figure 7.5 below.What might explain the decline in the labor participation rate from 2001 to 2010?
Correct Answer:
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(b)LPR = LF/CPOP ...
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