18. Suppose that some country had an adult population of about 59 million, a labor-force participation rate of 72.9 percent, and an unemployment rate of 2.3 percent. How many people were employed?a. 1.0 millionb. 42.0 millionC. 59 milliond. 137.2 million
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The labor force participation rate is 72.9% of the adult population. Therefore, the size of the labor force is: \[ \text{Labor Force} = 59 \text{ million} \times 0.729 = 43.011 \text{ million} \] Show more…
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