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Suppose that in Workolia: Population = 240 million, Labor Force Participation Rate = 70%, Number of Unemployed = 10m and the Natural Rate of Unemployment
Suppose that in Workolia: Population = 240 million, Labor Force Participation Rate = 70%, Number of Unemployed = 10m and the Natural Rate of Unemployment = 5%, and 60 million are ineligible to work. What is the employment to population ratio in Workolia? Select one: a. 50.0% b. 58.7% c. 64.4% d. 69.2% e. 73.2%
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
