Unemployed but actively seeking work

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Reference no: EM13892101

Suppose an economy consists of 300,000 individuals 16 years and older, 160,000 are employed, and 18,000 are unemployed but actively seeking work. In this example the labor force is:

a. 300,000

b. 160,000

c. 140, 000

d. 178,000

e. Cannot be determined from the information given

Reference no: EM13892101

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