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Unformatted text preview: ar 1 and 132 in year 2. By
what percentage have prices fallen?
6. Total population 145 million; noninstitutional adult civilian population 135 million;
persons not in the labor force 10 million;
unemployed persons 7 million. Using these
data, compute the following:
a. The unemployment rate
b. The employment rate
c. The civilian labor force Solving Economic Problems
1. Cause and Effect. Does a higher GDP cause
higher prices, or do higher prices cause a higher
GDP? Explain your answer.
2. Writing. Find a recent copy of the Economic
Report of the President in your library or on the
Web at www.emcp.net/economicreport. Click
on “Downloadable Reports/Tables.” Next, click
the most recent year under “Downloadable
Entire Reports.” The report contains chapters
on different economic topics. Choose one of the
chapters to read; then write a two-page paper
that briefly explains the content of the chapter.
3. Economics in the Media. Find a story or
article in your local newspaper that addresses
one of the following: GDP, real GDP, CPI,
unemployment rate, consumption spending,
investment spending, or government spending.
Explain what was said in the story or article. Go to www.emcp.net/economics and choose Economics:
New Ways of Thinking, Chapter 11, if you need more help in
preparing for the chapter test. Chapter 11 Measuring Economic Performance 309...
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This document was uploaded on 01/16/2014.
- Winter '14