# Based on the table under 3a the relationship between

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Based on the table under 3a, the relationship between employment and economic well-being in the economy for each country varies depending on the unemployment rate. For country A, which has the lowest unemployment rate, the economy is more likely to be experiencing an expansion than countries B and C, with the highest unemployment rate of 10 plus percent. According to the text, the unemployment rate typically rises during a recession and falls during an economic expansion (Krugman and Wells, 2018). So, it would be likely to assume that country A is experiencing economic growth while countries B and C are experiencing economic downfall or recession. For country B, who has the highest labor-force participation rate and highest unemployment rate, this would indicate that the well-being of their economy is the worst of the three countries. The labor force participation rate combined with the unemployment rate of country A shows that the job market is steady for the economy. However, for countries B and C, they have higher levels of both labor force utilization and unemployment, which means the job market is not only suffering, but the economies too.
Section 4: Changes in the Real GDP per Capita The following table indicates U.S. real GDP data to answer the following questions. Year Real GDP (2000 prices) (in millions) Population (in millions) 1987 \$6,435,000 243 2005 \$11,092,000 296.6 a. What is the Real GDP per person in 1987?
b. What is the Real GDP per person in 2005?
c. What is the percent change in Real GDP per person between 1987 and 2005?
Section 5: Application of the Macroeconomic Aggregates Now that you have segmented the components of macroeconomic aggregates, explain their implications on the national economy. Provide examples based on your answers above and explain how CPI affects consumers, how CPI affects price , the effects of employment and unemployment on the U.S. economy, and how the changes in living standards could affect employees and the national economy.
[BU204M2] Assessment Template and PPI. While the aggregate price level helps to establish the overall price levels in the economy, the producer price index (PPI) is likely an early indicator of changes to the economy’s inflation rate (Krugman and Wells, 2018). These three indicators, PPI, GDP, and CPI, all typically move in relation