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Unemployment rate calculation, demand and supply analysis of exchange rates

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The expert examines unemployment rate calculation, demand and supply analysis of exchange rates.

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3) Using the information in the following table, answer the following questions:

Component Number of people
(millions)
Total population 246
Working-age population 207
Labor force 139
Employed 133
Unemployed 6

- What is the unemployment rate?

Unemployed/ labor force = 6/139 =4.3%

- What is the labor force participation ...

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