In Country 1, the main indicators in the labor market are given as follows: Country 1 (in 2022) Variable Working-age population Employed people Unemployed people Number of People 19000 7000 1154 What is the unemployment rate in Country 1 in 2022?
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The labor force is the sum of employed and unemployed people. Labor force = Employed people + Unemployed people Labor force = 7000 + 1154 Labor force = 8154 Show more…
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