Calculate the unemployment rate, recalculate the unemployment rate when the frustrated non working reenter the labor force. Calculate the GAP in GDP should the natural unemployment rate be 3.5%.

Population 85,940

Frustrated non working 1,945

children under 16 1882

stay at home parents 974

retired individuals 644

institutionalized 1003

part time employees 4782

employed 68,220

2. Computer the Consumer Price Index (CPI) 2008 and 2009 each year and the Rate of inflation (ROI) from 2008 to 2009 for the following information.

YearPriceCPIROI

Gas

1990 (base year)	$1.25
2008	$3.95
2009	$2.45

3. If your nominal income is $3750 and the price index is 1.05% what is your real income?