If an economy has 10 million people who are unemployed, the unemployment rate is 20%, and...
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If an economy has 10 million people who are unemployed, the unemployment rate is 20%, and there are 70 million working-age people in the economy as a whole, then what is the number of people not in the labor force (using the official definition)? If an economy has 10 million people who are unemployed, the unemployment rate is 20%, and there are 70 million working-age people in the economy as a whole, then what is the number of people not in the labor force (using the official definition)?
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