1. Below is data on US GDP from the Bureau of Economic Analysis. Observation are on Jan 1 of the year listed. Real GDP is with a base year of 2012; data is in billions of dollars. Find the missing values (A-E) Year Nominal GDP Real GDP GDP Deflator (2012=100) 2000 A 13,131 78.07 2005 13,037 B 87.42 2010 14,992 15,599 C 2015 18,219 D 104.79 2018 E 18566 110.38 2. The following data is for Colorado in February 2020. Unemployed 80,264 Employed 3,106,077 a. What was the labor force in Colorado in February 2020? b. What was the unemployment rate in Colorado February 2020? c. With the above data can you calculate the labor force participation rate? If so, what is it? If not, what additional information would you need? 3. The following data is for Colorado Springs in February 2020. What was the unemployment rate in Colorado Springs in February 2020? Unemployed 12,308 Employed 348,079 4. Given we have several methods of measuring inflation, do we need to be concerned about inflation? Explain why or why not