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Utk Econ 201 Final Exam Bueckman
UTK ECON 201 FINAL EXAM Bueckman 
 
 
employed - ANSWERSPaid employees, self-employed, and underpaid workers in a family business 
 
unemployed - ANSWERSdoesn't work but has searched for work within the past 4 weeks 
 
not in labor force - ANSWERShave no job and not searching for a job 
 
labor force - ANSWERSall potential workers, working and not working 
 
unemployment rate - ANSWERSunemployed/labor force x 100 (U) 
 
Labor force participation rate - ANSWERS% of the adult population in the ...