b) The labor force is 50 million and the unemployment rate is 7 percent. One million people quit looking for a job. What is it called when an individual leaves the labor force, and in this case what is the new unemployment rate? c) In year one, the GDP deflator is 100 and in year two 120. If nominal GDP in year two is $400 billion, what is real GDP for year two? d) If nominal GDP is 100,000 and real GDP is 90,000, What is the value of GDP deflator