Questons 18, 19 , 20

Question 18 Calc Infll E Listen For all questions in this section, refer to the following information: Beer Chips Quantity Price Quantity Price $1 $2 $2 $3 3 $4 6 $4 2014 (Base Year) 2015 2016 Calculate the inflation rate for each year based on both the GDP Deflator and the CPI using the following table: Since 2014, there was ----- Inflation Year Price A Quantity A Price B Quantity B 2017 (Base 100 10 20 175 Year) 2018 101 10 20 75 2019 102 11 21 80 2020 101 11 22 80 Always round to one decimal and continue your calculation using the rounded values. Deflation Resignation Stagnation Question 20 Question 19 Listen E Listen Calculate the labor force. The labor force is Which of the following statements about the GDP Deflator and CPI is true? 135 million OGDP Deflator holds quantities fixed. OCPI holds prices fixed. O Both measure the current price level of the economy. 130 million 84 million O All of the above. The questions in this section refer to the following information: 94 million Number employed: 89 million Number unemployed: 5 million Adult Population: 135 million Calculate: labor force unemployment rate labor force participation rate Question 18 Calc Infll E Listen For all questions in this section, refer to the following information: Beer Chips Quantity Price Quantity Price $1 $2 $2 $3 3 $4 6 $4 2014 (Base Year) 2015 2016 Calculate the inflation rate for each year based on both the GDP Deflator and the CPI using the following table: Since 2014, there was ----- Inflation Year Price A Quantity A Price B Quantity B 2017 (Base 100 10 20 175 Year) 2018 101 10 20 75 2019 102 11 21 80 2020 101 11 22 80 Always round to one decimal and continue your calculation using the rounded values. Deflation Resignation Stagnation Question 20 Question 19 Listen E Listen Calculate the labor force. The labor force is Which of the following statements about the GDP Deflator and CPI is true? 135 million OGDP Deflator holds quantities fixed. OCPI holds prices fixed. O Both measure the current price level of the economy. 130 million 84 million O All of the above. The questions in this section refer to the following information: 94 million Number employed: 89 million Number unemployed: 5 million Adult Population: 135 million Calculate: labor force unemployment rate labor force participation rate