Question
Assume that the following table represents the economy of the country of Colman. Given a labour force that remained a constant 150 million, calculate the
Assume that the following table represents the economy of the country of Colman. Given alabour force that remained a constant 150 million, calculate the unemployment and inflation rates for each of the years 2018 - 2023.
Year Price Index Inflation Unemployment Unemployment
Rate (%) (in millions) Rate (%)
2018 100
2019 106 15.2
2020 113 18
2021 115.25 10
2022 123.3 6.4
2023 137.6 3.2
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International Economic Relations Since 1945
Authors: Catherine R Schenk
2nd Edition
1351183567, 9781351183567
