Solution-Percent of the adult population

Percent of the adult population

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In 2015, approximately 59 percent of the adult population (250 million) was employed, among the lowest employment rates in 20 years. If the employment rate increased to the prerecession level of 62 percent,

a. How many more people would be working?

b. By how much would output increase if GDP per worker was $100,000?

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Reference no: EM131239636

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Percent of the adult population

Reference no: EM131239636

Reference no: EM131239636

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