10-Use the following data to answer the question.

Full-time employed 80

Part-time employed 25

Unemployed 10

People under the age of 16 30

Consumer Price Index 110

Calculate the labor force. Show work.

11-If the natural rate of unemployment is 4% and the actual rate of unemployment is 14%, then using Okun's Law calculate the percentage loss in GDP. Show work.

12-How can some types of unemployment be considered good? Briefly explain.

13-Give any one example of being structural unemployed.

14-What group of people in society would lose from unanticipated inflation. Briefly explain.

15-Describe any economic event that would create cost-push inflation.

16-Use the following data to answer question #16.

Year Consumer Price Index

100

105

115

Calculate the rate of inflation for Year 3. Show work.

17-Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. If you expect inflation rate to be 3 percent or lower, then calculate the real interest rate you are expecting to earn. Show work.