Question: Please answer each multiple choice question Refer to the above information below to answer this question Year Price Index 2015 110 2016 118 2017 127.5

Please answer each multiple choice question

Please answer each multiple choice question Refer to the above information below

Refer to the above information below to answer this question Year Price Index 2015 110 2016 118 2017 127.5 2018 132 What is the inflation rate between 2015-20167 10 73% Page 2 11 12 13 V 1.0%% Question 6 (1 point) Saved 4) Listen 19 Suppose nominal GDP for an economy rose from $120 billion in 2016 to $150 billion in 2017 and that the inflation rate over the same period was 5 percent 20 Refer to the information above to answer this question. By what percentage did Page 3 nominal GDP increase between 2016 and 2017? 21 22 23 30% 40% 24 25 26 O 25% 35% 27 28 29 20% 30 Question 7 (1 point) Saved m 4) Listen Page 4 The unemployment rate in an economy is 7.5 percent. The total population of the economy is 250 million 31 and the size of the labour force is 130 million. The number of employed workers in this economy is 32 33 V 166.5 million. 34 350 36 174.6 million. 15.7 million. 37 38 39 13.5 million

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