Unformatted text preview: 5.)If nominal GDP is $10,608 and real GDP is $10,400 what is the value of the GDP deflator? the GDP deflator= nominal GDP/ real GDP=10608/10400=1.02 8.) In 2006,civilian unemployment was 144,427,000 and unemployment was 7,001,000. What was the unemployment rate? Civilian unemployment=144427000 Unemployment=7,001,000 Unemployement rate=7,001,000/(7,001,000+144427000)*100=4.6%...
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- Spring '11
- Inflation, gross domestic product, National accounts, private domestic investment