Assume the following data for a country: total population, 500; population under 16 years of age or

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Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; parttime workers looking for full-time jobs, 10. What is the size of the labor force? What is the official unemployment rate? LO2

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