Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Freelancers Financial Intelligence

Authors: Andrew Holmes

1st Edition

1408101165, 978-1408101162

More Books

Students also viewed these Finance questions

Question

Identify the types of informal reports.

Answered: 1 week ago

Question

Write messages that are used for the various stages of collection.

Answered: 1 week ago