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Year 1 Year 2 Population 330 million 340 million Labor force 160 million 164 million Unemployed 6.5 million 6.9 million a. What is the unemployment

Year 1 Year 2 Population 330 million 340 million Labor force 160 million 164 million Unemployed 6.5 million 6.9 million a. What is the unemployment rate in each year? b. Has the economy experienced an increase or a decrease in: (i) the number of unemployed persons? (ii) the unemployment rate

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