Question: #16 What did Jamie Mullet do for the first time, however, challenging it was after losing his job? #2 Suppose 100 million people are in

#16 What did Jamie Mullet do for the first time, however, challenging it was after losing his job?

#2 Suppose 100 million people are in the civilian labor force and 90 million people are employed. How many people are unemployed? What is the unemployment rate?

#4 Jim earned an annual salary of $15,000 in 1965. What is this equivalent to in 2005 dollars? (Use Exhibit 2 to find the CPI in the years mentioned.)

#6 Using the following data, the civilian non-institutional population = 200 million, the number of employed persons = 126 million, and the number of unemployed persons = 8 million. Compute:

(a) the unemployment rate :

(b) the employment rate:

c) the labor force participation rate:

#8 Using Exhibit 2, compute the percentage change in prices between : (a) 1966 and 1969

(b) 1976 and 1986:

(c) 1990 and 1999:

10. If the CPI is 150 & nominal income is $100,000, what does real income equal?

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