Suppose an economy has the following data: Change in the exchange rate with the United Kingdom
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Question:
Suppose an economy has the following data:
Change in the exchange rate with the United Kingdom | +6.1% |
Employed | 33.5 M |
Expected inflation | 0.6% |
Exports | $100 B |
Government consumption expenditures and gross investment | $200 B |
Gross private domestic investment | $170 B |
Imports | $120 B |
Inflation in the United Kingdom | 4.2% |
Unemployed | 2.7 M |
Nominal interest rate | 3.8% |
Not in the workforce | 13.7 M |
Personal consumption expenditures | $700 B |
Based on these data, calculate the following:
a. Gross Domestic Product (GDP)
b. Unemployment rate
c. Labor force participation rate
d. Employment-population ratio
e. Real interest rate
f. % change in the real exchange rate with the U.K. if the actual inflation is equal to the expected inflation
Please show all calculations
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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