a. Assume there are 320 million people in the United States, 165 million of which make up the labor force. If 14 million people are unemployed, what is the unemployment rate?

b. An analyst gathered the following year-end price level data for an economy: 2010 187.00 2014 203.30 2015 209.80

c. What is the economys annual inflation rate for 2015? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b. What is the average compounded inflation rate for 20102015? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)