ECO 210 Chp 6 HA 6

ECO 210 Chp 6 HA 6 - = ($22 + $24.50 + $90) = (2 x $10) +...

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Macroeconomics 210 Chapter 6: Unemployment and Inflation Homework Assignment Chapter 6 (pg. 198 PAA #1.4; pg. 200 PAA #4.5) 1.4) Working-Age Population 234,919,234 Employment 141,578,000 Unemployment 12,411,558 Unemployment Rate 8.06% Labor Force 153,989,558 Labor Force Participation Rate 65.55% 4.5) Products Quantity (1999) 2009 2010 Haircuts 2 $10.00 $11.00 $16.20 Hamburgers 10 2.00 2.45 2.40 DVDs 6 15.00 15.00 14.00 CPI2009 = (2 x $11) + (10 x $2.45) + (6 x $15)
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Unformatted text preview: = ($22 + $24.50 + $90) = (2 x $10) + (10 x $2) + (6 x $15) ($20 + $20 + $90) = 134.5/130 = 1.035 x 100 = 103.5 CPI2009 CPI2010 = (2 x $16.20) + (10 x $2.40) + (6 x $14) = ($32.40 + $24 + $84) = (2 x $10.00) + (10 x $2) + (6 x $15) ($20 + $20 + $90) = 140.4/130.0 = 1.08 x 100 = 108 CPI2010 Inflation Rate2010 = 108 103.5 = 0.043 x 100 = 4.3% Inflation Rate 103.5...
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This note was uploaded on 01/14/2012 for the course ECO 210 taught by Professor Morvey during the Fall '10 term at Piedmont TC.

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