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8. Assume the following data for a country: total population, 500M; population under 16 years of age or institutionalized, 120M; not in labor force,

8. Assume the following data for a country: total population, 500M; population under 16 years of age or institutionalized, 120M; not in labor force, 150M; unemployed, 23M; part-time workers, 10M. What is the size of the labor force? What is the unemployment rate? What about the labor force participation rate?

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