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Suppose the labor force in an economy equals 153 million workers. Out of153 million workers, 145.2 million workers are employed and 7.8 million are unemployed.

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Suppose the labor force in an economy equals 153 million workers. Out of153 million workers, 145.2 million workers are employed and 7.8 million are unemployed. Hence, the unemployment rate equals 1:] percent. (Round off your answer to one decimal place)

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