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Suppose the following data describe a nation's population Year1 Year2 Population 250 million 245 million Labor Force 130 million 130 million Unemployed 6 million 6

Suppose the following data describe a nation's population

Year1

Year2
Population 250 million 245 million
Labor Force 130 million 130 million
Unemployed 6 million 6 million

What is the unemployment rate in each year?

b. Between Year 1 and Year 2

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