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The Unemployment Rate Is Defined as the Percentage of the Labour

question 111

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The unemployment rate is defined as the percentage of the labour force that is unemployed. The labour-force participation rate is the percentage of the adult population that is either employed or unemployed.

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Definitions:

Income Distribution

Income Distribution refers to the way in which total income is shared among the members of a society.

Capital Flow

The movement of money for the purpose of investment, trade, or business production, either within a country (domestic capital flow) or across national borders (international capital flow).

Excess Profits

Profits that exceed the normal expected return on investment, often resulting from monopolistic or oligopolistic market structures.

General Equilibrium

A condition in an economy where supply and demand are balanced across all markets simultaneously.

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