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Business, 19.03.2021 18:20 magicallyhello

Imagine a hypothetical economy with a population of 100 people, 80 of which over sixteen. Forty eight of these people who are working and twelve people who are willing, able and looking for work cannot find jobs. The unemployment rate in this economy is % (enter percentage as a whole number, not a decimal, no percentage sign). S Suppose that 10 of those unemployed people get discouraged and give up looking for work. Now, the unemployment rate is % (enter percentage as a whole number, not a decimal, no percentage sign).

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