1. The following table contains data related to Perus employment and output for 2001 and 2017. Assuming...

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1. The following table contains data related to Peru’s employment and output for 2001 and 2017.

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Assuming that Peru produces only cereal grains, calculate each of the following macroeconomic variables, being sure to give units.

a. Average labor productivity in 2001 and 2017.

b. The growth rate of average labor productivity between 2001 and 2017.

c. The unemployment rate in 2001 and 2017.

d. The inflation rate between 2001 and 2017.

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Macroeconomics Global Edition

ISBN: 978-1292318615

10th Edition

Authors: Andrew Abel ,Ben Bernanke ,Dean Croushore

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Question Posted: Nov 14, 2024 06:00 AM

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1. The following table contains data related to Perus employment and output for 2001 and 2017. Assuming...

Question:

2001 2017 Employment (millions of 3256 4104 workers) Output (million tons of cereal 1778 5066 grains) Unemployed (thousands of 260 328 workers) Prices (index points) 86.8 151.6

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Macroeconomics Global Edition

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