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# a nation has a workforce of 300 workers. In every 6 months ,6 workers leave jobs, and 6 different workers finds jobs.

1.     a nation has a workforce of 300 workers. In every 6 months ,6 workers leave jobs, and 6 different workers finds jobs. However, there are also 15 workers who lack the skills to be employed, and thus remain unemployed throughout the year. there is no seasonal unemployment in this economy, and the economy is considered to be at full employment. Please show calculation work.

In this economy the rate of frictional unemployment is__%

In this economy the rate of structural unemployment__%

In this economy the rate of cyclical unemployment__%

2, Adult population - 335 million

Using the information above - The unemployed rate is __%,(rounded to two decimal places)

The 143 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as _____________?

Based on the above figures, the labor force population rate is __% ,(rounded to two decimal places)

3.Total Population - 300 million

Adult , noninstitutionalized, nonmilitary population - 230 million

a.  If the labor force participation rate is 72.0%, calculate the size of the labor force ___million.(rounded to one decimal place)

b.  Determine the number of Employed adults: __million.(rounded to one decimal place)

c. Calculate the Unemployed rate ___%, (enter your response s a percentage rounded to two decimal places)

4.DATA:  Employment Status of the Civilian Non-institutional Population - 2000

136.89 Employed 64.4%

69.99  Not in Labor Force 32.9%

5.69  Unemployed 2.68%

According to the above data the unemployed rate, the labor force rate, and the labor force participation rate are:

A.) 5.69%, 142.58, 67.07%

B.) 3.99%, 142,58, 69.99%

C.) 3.99%, 142.58, 67.07%

D.) 3.99%, 212.57, 67.07%

5.Suppose, he current year is the base year for the price index calculation and  the Nominal interest rate is 6.59% and

the Expected inflation rate is 4.61%:

a.) Calculate the expected real interest rate ____% (Enter your response as a percentage rounded to two decimal places).

b.) What is the anticipated value of the price index next year___?  ,(Enter your response rounded to one decimal place).

6.Commodity   Market Basket Quantity   2001 price  2002 price

RICE              30LBS                               \$3.00        \$3.60

APPLES           25LBS                               \$3.50        \$3.75

Assuming that 2001 is the base year. Calculate the price index for 2002.

In 2002, the price index is _____. ( round your answer to two decimal places).

The inflation rate between 2001 and 2002 is ___%( round your answer to two decimal places).

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