The total population is 1000 of these 200 are retired and enjoying their retirement, 100 are between the ages of 1 day and 15 years old, 100 are incarcerated, 100 have lost their jobs and of these 40 of them have given up looking, 100 are working part time but looking for full time work and the rest are working full time.
– Given the information above what is the labor participation rate?
-Using the information above give the unemployment rate for this society.
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