1. What are the three key Macroeconomic Indicators that nations track in order to determine the health of the economy? What is considered a healthy range for each of these indicators?

2. Indicate whether the value of the following market activity would be counted in GDP or not. (YES or NO)

_____ Toyotas produced in Detroit. _____ Child care provided in day-care centers.

_____ Fords produced in Canada. _____ Furniture purchased off Craiglist.

MATH PAGE - .

Calculate GDP using both the expenditures and income approach from the following data (in billions):

Consumption $ 1100

Rental income $ 220

Gross Investment $ 330

Government spending $ 220

Employee compensation $ 500

Net Interest income $ 50

Corporate and Sole proprietorships' Profit $ 200

Imports $ 200

Indirect Business Taxes $ 75

Exports $ 120

For the problem above :

a) Calculate GDP.

b) Calculate NE.

Given the following information, calculate the unemployment rate and the labor force participation rate. Show the formula and the solution.

Population = 335 million

Labor Force = 200 million

Number Employed = 188 million

If the CPI in year one equaled 148. The CPI in year two equaled 151. What was the rate of inflation between years one and two?