How many people will be part of the labor force in ten years

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Assume that a country's workin gage population is 91 million people and the participation rate is 63%. The working-age population is expected to grow by .9% per year for the next ten years. During that time, the participation rate is expected to drop to 61.9%.

A. How many people will be part of the labor force in ten years?

B. How fast will the labor force grow during this time period? Your answer should be a compound annual growth rate.

Reference no: EM132409579

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