Suppose there are 210 individuals above the age of 16 in Runeterra. 130 work full time, 20

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Suppose there are 210 individuals above the age of 16 in Runeterra. 130 work full time, 20 work part time, 10 are incarcerated, 20 are looking for work, 10 are on disability and don't work, and 20 stay at home to take care of home matters.

(a) Which groups are in the labor force? Why?

(b) Which groups are out of the lalclotr force? Why?

(cl) What is the unemployment rate? Show your work.

Related Book For answer-question

The Legal Environment of Business A Critical Thinking Approach

ISBN: 978-0132664844

6th Edition

Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne

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Posted Date: Mar 08, 2024 08:56 PM

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Suppose there are 210 individuals above the age of 16 in Runeterra. 130 work full time, 20

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The Legal Environment of Business A Critical Thinking Approach

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