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Suppose the following data describe a nation's population: Year 1 Year 2 Population 125 million 130 million Labor force 67 million 69 million Unemployed

Suppose the following data describe a nation's population: Year 1 Year 2 Population 125 million 130 million Labor force 67 million 69 million Unemployed 4 million 4.3 million Instructions: Round your responses to two decimal places. a. What is the unemployment rate in each year? Year 1: Year 2:

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