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; part-time workers looking for full-time jobs, 10. What is the size of the labor force? What is the official unemployment rate?

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Macroeconomics

ISBN: 9780077337728

19th Edition

Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue

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Question Posted: Feb 16, 2024 10:01 AM

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

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The size of the labor force in this scenario is 230 Heres how we ca...View the full answer

Macroeconomics

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