# Using the chain weighted method and selecting year 2

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Chapter 6 / Exercise 7
Macroeconomics
Roger A. Arnold
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17. Using the chain weighted method, and selecting year 2 as a base, what is real GDP inyear 1?
18. Suppose you are provided with the following data for your country for a particularmonth: 200 million people are working, 20 million are not working but are looking forwork, and 40 million are not working and have given up looking for work. The officialunemployment rate for that month is
19. Suppose you are provided with the following data for your country for a particularmonth: 200 million people are working, 20 million are not working but are looking forwork, and 40 million are not working and have given up looking for work. If we treateddiscouraged workers as unemployed, what would the unemployment rate for that monthbe (use one decimal)?
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Chapter 6 / Exercise 7
Macroeconomics
Roger A. Arnold
Expert Verified
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