6. (LO 1) The information in Table 4.12 is for the economy of Mensk.

Working-age population 20.0 Number of people in full-time employment 11.5 Number of people in part-time employment 2.0 Number of people unemployed 1.5 Number of discouraged workers 1.5 TABLE 4.12 2013 2014 2015 Nominal GDP ($) 850 958 GDP deflator (2010 = 100) 109 118 Real GDP 833 Population (millions) 30 31 Real GDP per capita 27 311 28 390 TABLE 4.13 2013 2014 2015 Real GDP ($) 600 600 630 Unemployment rate 8% 6% 6%

TABLE 4.14 Year Nominal Income Price Index Real Income 1 $36 000 100.0 2

3 4

5 TABLE 4.15

a) What is the unemployment rate?

b) What is the participation rate?