Assume the following data for a country:
category number of people (in millions)
...
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Business, 09.10.2019 02:00 quintencoffman2
Assume the following data for a country:
category number of people (in millions)
total population 500
population under 16 years of age or institutionalized 120
not in labor force 150
unemployed 23
part-time workers looking for full-time jobs 10
a) what is the size of the labor force (in millions)?
b) what is the official unemployment rate (in percentage)?
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