Union membership in the public sector is higher compared to the private sector even as the overall rate of unionization in the United States continues to decline.  True  False?

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A: Unemployment Rate = 5% Participation rate = 62.5% Not In labour force = 60 mn

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A:

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A: Here, given information is: Nominal GDP: $6,900 Real GDP: $5,600 To find: GDP deflator

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A: Answer is given below

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A: As per the question the perfectly competitive market usually refers to that market where all the…

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