Question: Use the following data to calculate (a) The labor force participation rate, (b) The unemployment rate, (c) The employment/population ratio. Population age 16 and over

Use the following data to calculate
(a) The labor force participation rate,
(b) The unemployment rate,
(c) The employment/population ratio.
Population age 16 and over ........15,000
Labor force...............7,300
Not currently working ............4,500
Employed Full-time...........5,000
Employed Part-time...........1,100
Unemployed..............1,200

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