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2)During 2009, the country of Economiahad a real GDP of $115 billion and the population was 0.9billion. In 2008, real GDP was 105 billion and
2)During 2009, the country of Economiahad a real GDP of $115 billion and the population was 0.9billion. In 2008, real GDP was 105 billion and the population was 0.85 billion. Economia's Economic growth rate from 2008 to 2009 is A)3.23 percent B) 5 percent C) 5.88 percent D) 9.52 percent 3) Suppose that the working age population is 220 million, the labor force is 150 million and the official U-3 unemployment rate is 10 percent. 5 million new jobs are created and filled by 5 million people who had previously been discouraged workers. What is the new U-3 unemployment rate? A) 6.25 percent B) 6.7 percent C) 9.7 percent D) 8.7 percent
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