2) Percentage change in prices<?xml:namespace prefix = o ns = “urn:schemas microsoft com:office:office” />
=(CPI later yr
( CPI earlier yr) *100
(CPI earlier yr )
*
If the CPI in year one is 132.5 and CPI in year 2 is 143.2. What is the inflation rate?
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3) To calculate real income
real income( nominal income ) *100
CPI
A?§ If the CPI is 150 and nominal income is $100,000. What does real income equal?
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4) If you have frictional unemployment at 2%. If you have natural unemployment at 5% and the labor force is a 100 million and the number of employed are 82 million give this data, u’ll ask to calculate
1) Structural unemployment rate,
2) Cyclical unemployment rate and
3) Unemployment rate
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Please I need all the answers for full points..
Thank you very much!