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A county with work-eligible population of 110,000 has 75,000 employed and 15,000 unemployed. Calculate the unemployment...

A county with work-eligible population of 110,000 has 75,000 employed and 15,000 unemployed.

  1. Calculate the unemployment rate and the labor force participation rate.
  1. Suppose the natural rate of unemployment is 5%. Calculate the number of people cyclically unemployed.
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