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

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2. 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; part-time 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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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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Question Posted: Oct 03, 2024 03:04 AM

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

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