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1. The total number of unemployed individuals in an economy is equal to 780. The total number of employed is 14,729, and the working-age population

1. The total number of unemployed individuals in an economy is equal to 780. The total number of employed is 14,729, and the working-age population is 20,605. What is the unemployment rate in this economy? Please round to the nearest two decimal places and do not include the percentage sign (%). For example, if your answer is 27.561% you would only enter 27.56.

2. The unemployment rate in an economy is equal to 1.39. The number of unemployed is equal 796 and the working-age population is equal to 20,496. What is the number of employed in this economy? Please round to the nearest whole number.

3. The following table shows the prices of three products: water bottles, calculators, and markers. Assume that the average urban family of four consumes 30 blankets, 6 headphones, and 20 sunglasses per year. Answer the question below:

If 2017 is the base year, what is the CPI for 2018? Please round to the nearest two decimal places.

2017 Price 2018 Price
Blankets 1.22 1.35
Headphones 15.1 18.9
Sunglasses 2.16 2.71

4. The CPI in a country is 106.95 in 1985 and 251.11 in 2020. Assume the price of a movie ticket in 1985 was $2.75. Only adjusting for inflation, what would the price of a movie ticket be in the country in 2020? Please round to two decimal places and do not include the dollar sign ($) in your answer.

5. If the nominal interest rate in an economy is always constant at a rate of 7.3 and the CPI for the same economy is 188 in 2017 and 195 in 2018, what is the real interest rate for this economy in the year 2018? Please round to two decimal places and do not include the percentage sign (%) in your answer.

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