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Consider the adult population that is composed of: 70 million employed 30 million unemployed 40 million not in the labor force 1. Solve for the

Consider the adult population that is composed of:

70 million employed

30 million unemployed

40 million not in the labor force

1. Solve for the size of the adult population, labor force, labor participation rate, and unemployment rate. Show solutions (answer can be in millions or in percentage).

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