In 2013, approximately 59 percent of the adult population (240 million) was employed. If the employment rate
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In 2013, approximately 59 percent of the adult population (240 million) was employed. If the employment rate increased to 62 percent,
(a) How many more people would be working?
(b) By how much would output increase if per worker GDP were $117,000?
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a 72 million b 842400 million 8424 billion Feedback a In 2013 the adult population was 240 mi...View the full answer
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Related Book For 
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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