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Assume that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is
) Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is .
Statutory Right
A right granted by legislation, which is enacted by a legislative body.
Intestate
The state of dying without having made a legal will, leading to the distribution of one's estate according to state or country laws.
Distributed
The process of allocating or dispersing items, resources, or information among multiple recipients or over various locations.
Constructive Trust
A legal remedy imposed by a court to prevent unjust enrichment, transforming the holder of property into a trustee for the benefit of another party.
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