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Suppose the number of employed people in an economy is 321,545,372, the unemployment rate in this economy is 7.4 percent, or .074, and the labor

Suppose the number of employed people in an economy is 321,545,372, the unemployment rate in this economy is 7.4 percent, or .074, and the labor force participation rate is 80 percent, or .80.

Require

A-What is the size of the labor force?

B - How many people are unemployed?

C- What is the size of the working - age population?

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