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Suppose the following data describe a nation's population: Year 1 Year 2 Population 130 million 135 million Labor force 65 million 68 million Unemployed 4.5

Suppose the following data describe a nation's population: Year 1 Year 2 Population 130 million 135 million Labor force 65 million 68 million Unemployed 4.5 million 4 million Instructions: Round your responses to two decimal places. a. What is the unemployment rate in each year? Year 1: not attempted Year 2:

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