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1) What are the 3 categories into which the Bureau of Labor Statistics divides everyone? How does the BLS compute the labor force, the unemployment

1) What are the 3 categories into which the Bureau of Labor Statistics divides everyone? How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?

2) Explain 4 ways in which a firm might increase its profits by raising the wages it pays.

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