ECON 505:

1. Use the following data of the economy of X country to make the calculations that we request:

• 15 million people aged 16
• 6.5 million employed
• 0.5 million unemployed

2. Calculate:

• active population
• The activity rate, and
• The unemployment rate of this economy.

3. A country publishes a price index of 55 in 2018 and 60 in 2019. What is the inflation rate in the period?

Include bibliographical references