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In a stylized economy the number of potential workers is 250, the labour force is 140...

In a stylized economy the number of potential workers is 250, the labour force is 140 meanwhile number of employed people is 110 in 2007. In the same economy the number of potential workers is 265, the labour force is 157 meanwhile the number of employed people 149 in 2012. Calculate the labour force participation rate, number of unemployed people and unemployment rate in each year. What has been the change in unemployment rate?
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