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Suppose that we have the following data: Employed at the beginning of the month18,496 Unemployed at the beginning of the month3,264 Population over 16 at

Suppose that we have the following data:

Employed at the beginning of the month18,496

Unemployed at the beginning of the month3,264

Population over 16 at the beginning of the month32,000

1A. What is the labor force participation rate, the employment to population ratio and the unemployment rate? Type in the formulas and the numerical answers.

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