1. With the data below for an economy last year, determine the economy's official unemployment rate....

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1. With the data below for an economy last year, determine the economy's official unemployment rate. Clearly show your steps and calculations, including the economic factors involved. Total population = 330.25 million. Population under 16 years old and or institutionalized = 52.60 million. Retirees and stay-at-home parents = 16.36 million. Unemployed full-time college students = 78.75 Part-time workers looking for full-time jobs = 5.86 Unemployed workers who are actively seeking jobs = 6.45 million. million. million. Unemployed workers who are not actively seeking jobs 8.13 million. 2. Discuss the impact of (a) cost-push inflation and (b) demand-pull inflation on an economy's real output and employment. 1. With the data below for an economy last year, determine the economy's official unemployment rate. Clearly show your steps and calculations, including the economic factors involved. Total population = 330.25 million. Population under 16 years old and or institutionalized = 52.60 million. Retirees and stay-at-home parents = 16.36 million. Unemployed full-time college students = 78.75 Part-time workers looking for full-time jobs = 5.86 Unemployed workers who are actively seeking jobs = 6.45 million. million. million. Unemployed workers who are not actively seeking jobs 8.13 million. 2. Discuss the impact of (a) cost-push inflation and (b) demand-pull inflation on an economy's real output and employment.

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