Suppose the following data describe a nations population: (a) How many people are unemployed in each year?

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Suppose the following data describe a nation€™s population:

Year 2 Year 1 300 million 140 million б percent 310 million 150 million Population Labor force 6 percent rate Unemploym

(a) How many people are unemployed in each year?

(b) How many people are employed in each year?

(c) Compute the employment rate (i.e., number employed ÷ population) in each year.

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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