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What is the rate of unemployment

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Please provide answers that are new with explanations

What is the "rate of unemployment", what components does it consists of, and how is it calculated? What happened to this rate in Australia during 1970-1983, during 1992-2007, and since 2008? Give at least one reason for the observed trends in each period.

Indicate whether the following statement is TRUE or FALSE and explain your answer: Unemployed persons are part of the labour force.

Reference no: EM132791713

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