ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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You are given the following information for a country: population of working age 6 million; labour force 4 million; and employed 3.5 million. Based on this information, which of the following is correct?
a. There are 2.5 million unemployed in this country.
b. The
c. The employment rate is approximately 88%.
d. The participation rate is approximately 67%.
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