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Suppose the unemployment rate is 6%, the total working-age population is 120 million, and the number of unemployed is 3.5 million. Determine: (a) The participation

Suppose the unemployment rate is 6%, the total working-age population is

120 million, and the number of unemployed is 3.5 million. Determine: (a) The participation rate.

(b) The size of the labor force.

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