A country with a population of eight million adults has five million employed, 500,000 unemployed, and the
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A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest of the adult population is out of the labor force. What’s the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
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ANSWER Population 8000000 Labor force Employed Unemployed 5000000 500000 5500000 a Unemploy...View the full answer
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