: 2013 2012 Quantities 160 60 Apples 220 Oranges 2013 2012 Prices $ 1.00 50.50 Apples 2.00 50.25 Oranges An economy produces only apples and oranges . The base year is 2012 and the table gives the quantities produced and the prices The nominal GDP in 2012 is and The nominal GDP in 2013 is A 2012 nominal GDP is $50 and in 2013 nominal GDP is $600 2012 nominal GDP is 10 and in 2013 nominal GDP is $600 In 2012 nominal GDP 50 and in 2013 nominal GDP is 670 D In 2012 nominal GDP is $600 and in 2013 nominal GDP is 600 4. 2013 2012 Quantities 160 60 Apples 220 80 Oranges 2013 2012 Prices $ 1.00 50.50 Apples $ 2.00 0.25 Oranges An economy produces only apples and oranges . The base year is 2012 and the table gives the quantities produced and the prices The real GDP in 2013 is A 50 B 135 200 D 60 5: The BLS reported the following data for 2010: Labor force: 153.7 million Employment: 139.1 million Workingage population237.9 million The labor force participation rate is A 50 percent . B60 percent . 64.6 percent D 68 percent . 6 .In July 2014in the economy of Sandy Island10,000 people were employed1.000 were unemployed, and 5,000 were not in the labor force The unemployment rate in July is A 9.1 percent . B 10 percent 20 percent. D 64.6 percent . 7: In July 2014, in the economy of Sandy 10,000 people were employed, 1,000 were unemployed, and 5.000 were not in the labor force. The employment-to-population ratio is A 62.5 percent. B 20 percent . 70 percent D80 percent