1) The population in Cyborg is 175 million (age 16 and over). There are 100 million people...

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1) The population in Cyborg is 175 million (age 16 and over). There are 100 million people in the labor force and 10 million people are unemployed.

(a) Calculate the unemployment rate

(b) Calculate the number of people employed in Cyborg.

2) Complete the following table. Round each number to 2 decimal places.

3) Assume the CPI is 142.4 in 1999, 150.2 in 2000, and 152.5 in 2001,

(a) Calculate the rate of inflation from 1999 to 2000.

(b) Calculate the rate of inflation from 2000 to 2001.

Posted Date: Apr 08, 2022 01:43 AM

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1) The population in Cyborg is 175 million (age 16 and over). There are 100 million people...

Question:

Year Nominal Price Index Real GDP GDP 1997 4268.6 97 1998 4539.9 100 1999 4900.4 103.9 Year Nominal Price Index Real GDP GDP 1997 4268.6 97 1998 4539.9 100 1999 4900.4 103.9

Expert Answer:

Q1 Total population 175 million Labour force L 100 million Number of people unemployed U 10 mil... View the full answer

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