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    Calculating Unemployment and Participation Rate

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    Using the information in the following table to calculate the unemployment rate and the labor force participation rate.

    Component Number of people (millions)

    Total population 300

    Working-age population 258

    Employed 145

    Unemployed 10.

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    https://brainmass.com/economics/unemployment/calculating-unemployment-participation-rate-254184

    Solution Summary

    Solution calculates unemployment rate and participation rate from the information given.

    $2.19