Calculate the labor force participation and the unemployment rate in the following cases: a. Population 20 million;
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Calculate the labor force participation and the unemployment rate in the following cases:
a. Population 20 million; labor force 11 million and 10 million employed.
b. Population 20 million; employed 9 million and 1 million unemployed.
c. Population 8 million; labor force 3 million and 300,000 unemployed.
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