Question: Use the following information to solve the three problems below: Unemployed 500 Employed 7,000 Civilian non - institutionalized adult population 11,000 1. What is the

Use the following information to solve the three problems below:

Unemployed 500

Employed 7,000

Civilian non - institutionalized adult population 11,000

1. What is the labor force for this society?

2. What is the current unemployment rate?

3. What is the labor force participation rate?

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