Determine official unemployment rate

Reference no: EM1368778

Suppose the following information for a country: total population, 500; population under 16 years of age are institutionalized, 120; not in labor force, 150; unemployed, 23, part-time workers looking for full time jobs, 10. What is the size of the labor force? what is the official unemployment rate?

Reference no: EM1368778

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