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The working age population is 68690 and the labour force

a) Describe the relationship between unemployment and real GDP.

b) The working age population is 68,690 and the labour force participation rate is 73.6%. Use this information to find the following.

i. Calculate the number of people in the labour force.

ii. If there are 5,500 people unemployed, what is the unemployment rate?

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Business Economics: The working age population is 68690 and the labour force

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