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1. If we include discouraged workers when calculating the unemployment rate, what will happen to employment rate, unemployment rate? (2 points) 2. If the nominal
1. If we include discouraged workers when calculating the unemployment rate, what will happen to employment rate, unemployment rate? (2 points) 2. If the nominal GDP's of a country were $1.5 trillion in 2019 and $1.4 trillion in 2022, Can we conclude that the country had a GDP decrease in 2022? Why? (3 points) 3. Suppose in the year 2009, only two kinds of final goods are produced. 100 baskets of food at the price of $25 each, and 50 baskets of clothing at the price of $60 each. In the year 2012, there two types of final goods are, 108 baskets of food at the price of $30 each, and 80 baskets of clothing at the price of $65 each. Let 2009 be the base year. What is the GDP deflator for 2012? Based on this information, can you find the average GDP growth rate? Show the process step by step. (5 points)
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