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  • 12-03-2024
  • Business
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Suppose the working age population is 125 million. The labor force participation rate is 60% and the unemployment rate is 8%.
a) The number of people in the labor force is 75 million.
b) The number of people employed is 67.5 million.
c) The number of unemployed individuals is 7.5 million.
d) The number of people not in the labor force is 50 million.

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