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13 August, 09:55

3. A nation has 100,000 employed people, 10,00 unemployed people, and 5,000 people who have

given up looking for jobs. What is the size of its labor force? What is its unemployment rate?

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  1. 13 August, 10:07
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    Size of labor force = 105,000

    Unemployelment rate = 15,000
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