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Assume you have the following information about an economy? Labor Force of an Economy Instructions: Round your answers to two decimal places. a. What is
Assume you have the following information about an economy? Labor Force of an Economy Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? 0% b. What is the tabor force participation rate? The table below lists the prices from last year and the base year for a college-related basket of goods. Basket of College-Related Goods a. What is the total cost for a basket of goods that includes 210 gallons of gas, 55 pizzas, 406 -packs, and 4 textbooks? In the base year: $ Lastyear: $ b. Using this basket of goods, compute the following CPI values: In the base year: Last year: c. Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $95 per. textbook. Compute the total cost for this basket of goods and the CPL. Total cost of basket: $ CPI
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