Measuring unemployment suppose that the us noninstitutional, Econometrics

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Measuring unemployment suppose that the us noninstitutional

(Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent.

a. What is the size of the U.S. labor force?

b. If 85 million adults are not working, what is the unemployment rate?

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Econometrics: Measuring unemployment suppose that the us noninstitutional

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