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6 The table below shows six years of CPI values for the United States. Using the information in the table, compute the annual inflation rate.
6 The table below shows six years of CPI values for the United States. Using the information in the table, compute the annual inflation rate. 2 Instructions: Round your answers to two decimal places. points CPI Values and Inflation Inflation Rate Year CPI (percent) eBook 2009 214.54 2016 218.06 2011 224.94 References 2012 229.59 2013 232.96 2014 236.74References Assume you have the following information about an economy: Labor Force of an Economy Number of People (millions) Population over age 16 270,48 168.40 Not in the labor force 102.88 157.80 10.60 Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? % b. What is the labor force participation rate? % c. Suppose that 1.5 million currently unemployed workers decide to no longer actively look for work. What is the unemployment rate in this economy now? % d. What is the new labor force participation rate? %
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