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1. In a certain economy the population 18 years old or over was 305.1 million, the labour force was 147.3 million, and the number
1. In a certain economy the population 18 years old or over was 305.1 million, the labour force was 147.3 million, and the number of employed persons was 128.6 million. (a) Calculate the Unemployment Rate and the Labour Force Participation Rate (4 marks) (b) Calculate the new Unemployment Rate and Labour Force Participation Rate if one million unemployed persons dropped out of the labour force.(4 marks)
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
