canvas.northseattle.edu Question 36 2 pts Suppose 7 million discouraged workers re-enter the labor force. Find the new labor force participation rate. (Round your answer to the nearest first decimal place.) Answer: The new labor force participation rate = Question 37 2 pts Suppose many people quit their jobs and become full-time students. Which of the following statements is false? Labor force participation rate will fall. The number of employed workers will fall. The size of work-eligible population decreases. O The number of people who are not in the labor force but work eligible increases.canvas.northseattle.edu The following table presents the CPI of country B from 2010 to 2022. Use the given information to answer questions 28 - 33 Price Level Year (CPI) 2010 201 1 2012 100 2013 102 2014 105 2015 102 2016 2017 110 2018 113 2019 118 2020 122 2021 128 2022 132 Question 28 1.5 pts Which year is the base year? 2010canvas.northseattle.edu Question 32 2 pts Between 2012 and 2013, the nominal interest rate - 5%. Find the real interest rate. Answer: The real interest rate = Question 33 2 pts Between 2021 and 2022, you can borrow money to implement a project with a nominal rate of return = 9%. The cost of borrowing the money is 7%. Based on the above table and the given information, would you implement the project between 2021 and 2022? Explain. No, the nominal rate of return of the project is negative. No, the real rate of return of the project is less than the cost of borrowing the money. Yes, the real rate of return of the project is positive. Yes, the real rate of return of the project is greater than the cost of borrowing the money.canvas.northseattle.edu Question 29 2 pts Based on the given information, has country B ever experienced deflation between 2010 and 2022? Explain. Yes, CPI in 2010 is less than 100. Yes, CPI falls between 2014 and 2015. No, CPI is always more than 90. No, inflation rate is always positive. Question 30 2 pts Suppose your nominal wages in 2010 = $35,000. Calculate the 2010 wages in 2022 dollars. (Round your answer to the nearest first decimal place.) Answer: The 2010 wages in 2022 dollars = $. Question 31 1.5 pts Suppose your nominal wages in 2010 = $35,000 and your nominal wages in 2022 = $45,000. Are your real wages in 2022 higher than your real wages in 2010? Yescanvas.northseattle.edu Consider the following employment data of country C. Use the given information to answer questions 34 - 37. Group # in millions Work-eligible population Labor force Not in labor force but work eligible Employed Unemployed Question 34 2 pts Find the unemployment rate. (Round your answer to the nearest first decimal place.) Answer: The unemployment rate = Question 35 2 pts Find the labor force participation rate. (Round your answer to the nearest first decimal place.) Answer: The labor force participation rate = %