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2. Answer the following questions using the table below of the number of people by labor force classification for the country of Springfield. Show your

2. Answer the following questions using the table below of the number of people by labor force classification for the country of Springfield. Show your work and round to the nearest hundredth.

Employed 78 million Part-time employed 22 million Unemployed 12 million

Not in the Labor Force 30 million Discouraged 4 million

A. Calculate the labor force participation rate. B. Calculate the unemployment rate.

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