KEY QUESTION Use the following data to calculate (a) the size of the labor force and (b)
Question:
KEY QUESTION Use the following data to calculate
(a) the size of the labor force and
(b) the official unemployment rate:
total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10.
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