Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this...

Suppose the number of employed people in an economy is 121,166,640.

The unemployment rate in this economy is 10.4%,

and the labor force participation rate is 72.5 %.

What is the size of the labor force?

How many people are unemployed?

What is the size of the working-age population?

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Expert Solution

Rahul Sunny answered 4 weeks ago

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