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_l 2007 2008 Nominal GDP $10,000 $12,000 Real GDP $9,500 $10,500 6. Refer to the above Table. Calculate the rate of increase in the price level from 2007 to 2008. A] 8.6% [(12000[105001-(10000950011((10000195001 B] 7.9% C) -7.9% D] -8.6% 7. If prices are rising on average, then A] real GDP will always be equal to nominal GDP. B] real GDP will be greater than nominal GDP in the years after the base year. C) real GDP will be less than nominal GDP in the years before the base year. D real GDP will be eater than nominal GDP in the ears before the base ear. 8. Discouraged workers are A] workers who have a part time job but want a fulLtimejob. B] workers who nd their current jobs unfullling and are considering a job change. C) workers who have consistently been looking for work for more than 4 weeks. D workers who have sto ed lookin for work because the believe there are no 'obs for them. 9. lack just told his boss that he thinks his boss is an idiot. It is likely that lack will be experiencing unemployment in the near future. A] permanent B] cyclical C frictional D] structural 10. The U.S. unemployment insurance program A| increases the amount of time the unemployed spend searching for a job. B] decreases the level of frictional unemployment. C] pays the unemployed a benefit equal to twice the average wage. D] eliminates structural unemployment