Table 72 14 using the table 72 calculate the labor

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Table 7.214.Using the Table 7.2 calculate the labor-force participation rate.
15.List and explain the three major types of unemployment.
16.Suppose that you take out a loan at the bank for $1000 and are required to pay it back withinterest of $100 at the end of the year. Suppose that there was no inflation at all when you took
out the loan. By the end of the year the price level has increased 7%. Calculate both the nominalinterest rate and the real interest rate on this simple loan arrangement.
PRINCIPLES OF MACROECONOMICSQUIZ #3 – COVERING CHAPTERS 8 AND 9ANSWERS1.What is the relationship between consumption and the following economic variables: household income,wealth, household's expectations about the future, and interest rates?
2.Draw a graph of the consumption function and explain what the vertical intercept means and the slope.Make sure to label both axes.
3.Explain any differences between actual investment and plannedinvestment. Also, is it possible for actual investment to be greaterthan planned investment? If so, explain.

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