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Some people who are employed or who are not making serious effort to find employment will report themselves as unemployed. Some people who want to find work will be counted as out of the labor force.


A) Both the first and the second fact tend to make the reported unemployment rate lower than otherwise.
B) Both the first and the second fact tend to make the reported unemployment rate higher than otherwise.
C) The first fact tends to make the reported unemployment rate higher than otherwise, while the second fact tends to make the reported unemployment rate lower than otherwise.
D) The first fact tends to make the reported unemployment rate lower than otherwise, while the second fact tends to make the reported unemployment rate higher than otherwise.

E) A) and C)
F) None of the above

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The Bureau of Labor Statistics reported in 2005 that there were 59.98 million people over age 25 whose highest level of education was a high school degree or equivalent, 36.40 million of whom were employed and 1.93 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?


A) 60.7% and 3.2%
B) 60.7% and 5.0%
C) 63.9% and 3.2%
D) 63.9% and 5.0%

E) B) and D)
F) B) and C)

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