Question: Question 3 Answer the following questions: (al What does the unemployment rate measure? Explain briey. (b) A large number of 60 year-old currently employed workers

Question 3 Answer the following questions: (al What does the unemployment

Question 3 Answer the following questions: (al What does the unemployment rate measure? Explain briey. (b) A large number of 60 year-old currently employed workers choose to retire now. How does this affect the labour force participation rate and the unemployment rate? Explain

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