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uestion Completion Status: QUESTION 2 Look at the table 1 and question 1. If the labor force participation rate is 70%, the u
increase prices during increase in the value of money during inflation. loss of the reliability of money as a relative unit o
2.5 po QUESTION 32 Xenia has 100,000,000 people. Of this population, 25,000,000 residents are below age 16, and 10.000,000 ha
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Answer #1

Answer 2.- the unemployment rate is

- 7.6 %

Explanation-

Labor force participation rate = labor force/ population age 16 and older

70% = labor force / 150 million

Labor force = 150 million × 70 % = 105 million

Unemployed people = labor force - employed

= 105 million - 97 million= 8 million

Unemployment rate = unemployed / labor force × 100

=8 million/ 105 million × 100 = 7.61 %

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