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What is the labor participation rate

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Reference no: EM131227254

Suppose an economy is given by:

Population = 245 million

Working-age population= 165 million

Labor Force= 102 million

The number of people employed= 96 million

The number of people unemployed= 6 million

What is the Labor participation rate % for this economy ( Enter your response rounded to one decimal).

Reference no: EM131227254

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