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Given the information, find out the Labor force participation rate and unemployment rate.

1. The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labor force was 141.8 million, and the total number of employed was 135.1 million. find out the following:

a. Labor force participation rate

b. Unemployment rate.

2. Illustrate what is national income accounting and why is it useful?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M922476

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