SECTION ONE:
a. Go to bls.gov and indicate the size of the civilian labor force in August 2015.
b. What was the Labor Force Participation Rate that month?
c. What does this number mean?
d. Using the numbers, show how the unemployment rate for August 2015 was determined. Show all numbers and work.
SECTION TWO:
a. Using CPI for all urban consumers (table 1), the unadjusted index for August 2015, indicate the price index for August 2015.
b. What does this number mean relative to the base period?
c. What is the base period?
d. Same table, same unadjusted index, same month, what was the index number for medical care services?
e. Do we see more inflation in food or medical care services? Explain.

Answer rating: 100% (QA)

SECTION ONE a Data from the site Therefore the Size of Civilian Labor Force for August 2015 is 626 b ... View the full answer