Suppose that the unemployment rate is 5%

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Suppose that the unemployment rate is 5%, the total working-age population is 100 million, and the number of unemployed is 2.5 million. Determine: (i) the participation rate; (ii) the labor force; (iii) the number of employed workers; and (iv) the employment/population ratio.

  • 9 years ago
Suppose that the unemployment rate is 5%,
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