The average nominal incomes earned in Eturia and the CPI are shown in the table below....
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The average nominal incomes earned in Eturia and the CPI are shown in the table below. Nominal income CPI (2002= 100) a. Real income b. Percentage change of real income Number of people unemployed Number of discouraged workers a. Unemployment rate b. Participation rate 2018 $22,500 107 3.0 3.5 1.8 $ a. What is the unemployment rate? Enter your response in the table above. b. What is the participation rate? Enter your response in the table above. 2019 $26, 100 110 $ a. Calculate real income for each year. Enter your responses in the table above. Round your answers to the nearest dollar. b. By what percentage did real incomes rise in the years 2019 and 2020? Enter your responses rounded to one decimal place, in the table above. 8 % % The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population 36.0 Number of people in full-time employment 21.0 Number of people in part-time employment 2020 $28,000 116 $ The average nominal incomes earned in Eturia and the CPI are shown in the table below. Nominal income CPI (2002= 100) a. Real income b. Percentage change of real income Number of people unemployed Number of discouraged workers a. Unemployment rate b. Participation rate 2018 $22,500 107 3.0 3.5 1.8 $ a. What is the unemployment rate? Enter your response in the table above. b. What is the participation rate? Enter your response in the table above. 2019 $26, 100 110 $ a. Calculate real income for each year. Enter your responses in the table above. Round your answers to the nearest dollar. b. By what percentage did real incomes rise in the years 2019 and 2020? Enter your responses rounded to one decimal place, in the table above. 8 % % The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population 36.0 Number of people in full-time employment 21.0 Number of people in part-time employment 2020 $28,000 116 $
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a Calculate real income for each year Real Income 2018 Nominal Income CPI 100 22500 107 100 2102804 ... View the full answer
Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
Posted Date:
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