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Suppose the number of employed people in an economy is 1 3 6 , 2 8 6 , 6 0 0 . The unemployment rate

Suppose the number of employed people in an economy is 136,286,600. The unemployment rate in this
economy is 8.4 percent, and the labor force participation rate is 79.1 percent.
a. What is the size of the labor force? (3 marks)
b. How many people are unemployed? Explain. (4 marks)
c. What is the size of the working-age population?

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