The overall population for Region A is 105 million people. The labor force contains 77 million people.

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The overall population for Region A is 105 million people. The labor force contains 77 million people. 26 million people are employed, while 51 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Feb 17, 2024 02:44 AM

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The overall population for Region A is 105 million people. The labor force contains 77 million people.

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To calculate the unemployment rate we divide the number of unemployed people by the total labo... View the full answer

Macroeconomics

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