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Consider a small economy composed of six people: Manuel, Poornima, Shen, Valerie, Caroline, and Antonio. Each person's employment status is described in the following table.
Consider a small economy composed of six people: Manuel, Poornima, Shen, Valerie, Caroline, and Antonio. Each person's employment status is described in the following table. Based on the criteria used by Statistics Canada, identify each person's status as \"Employed", \"Unemployed\Complete the right half of the following equation to reect the labour force participation rate reported by Statistics Canada. Labour Force Participation Rate = 7 Number Una 1 ed Workers 100 x (ii Labour Force According to this formula, what is t of this economy of six people? 100 X Number 11/: Labour Force _ Adult Populan' on ' 40 % Number in Labour Force _7_ 100 X Number of Employed Workers ' 50 % 100 Number of Employed Workers [.3 80 0/ Adult Population D " 1 0 0% Complete the right half of the following equation to reect the unemployment rate reported by Statistics Canada. Unemployment Rate = 7 According to this formula, what is the unemployment rate of this economy of six people? " 40% " 50% 80% 100%
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