http://research.stlouisfed.org/fred2/categories/110

(Links to an external site.)

Use the link above to enter data for Personal Consumption:(8.) total,(9.) durable goods,(10.) nondurable goods, and(11.) services. Enter the values for thefirst quarter of 2016 (shown on the graph as 2016: Q1) for the following series ids:

(Choose the "Quarterly, Seasonally Adjusted"link for each series.

Enter your answers exactly as they appear in the website into the table below)

Title	Series ID	Value
Personal Consumption Expenditures	PCEC	8. $
Personal Consumption Expenditures: Durable Goods	PCDG	9. $
Personal Consumption Expenditures: Nondurable Goods	PCND	10. $
Personal Consumption Expenditures: Energy & Services	PCESV	11. $

(Example: 8- Personal Consumption Expenditures- 2016:Q1- your answer)

According to the data you entered above:

the share of expenditures devoted togoods, (durable and nondurable) is: (SHOW YOUR CALCULATIONS FOR #12 to receive credit).

1. ____________%.(enter your response rounded to one decimal place).

The following table gives Nominal and Real GDP for an economy for two years:

	Year 1	Year 2
Nominal GDP	17,300	18,900
Real GDP	14,500	15,600

1. Based on the table, for Year 1, the value of the GDP deflator is ________ (enter your response rounded to two (2) decimal place.) SHOW YOUR WORK FOR #13 to receive credit points.
2. . Based on the table, for Year 2, the value of the GDP deflator is _________ (enter your response rounded to two (2) decimal place.) SHOW YOUR WORK FOR #14 to receive credit points.

15.. Based on the table above, the inflation rate between Year 1 and Year 2 is______%(enter your response rounded to one (1) decimal place.) SHOW YOUR WORK FOR #15 to receive credit points.

Go to the Federal Reserve Economic Data of the Federal Reserve Bank of St. Louis,

http://research.stlouisfed.org/fred2/series/CPIAUCSL

(Links to an external site.)

1. How has this data been seasonally adjusted?(Pick One).

_________ weekly

__________ monthly

__________ yearly

From the website listed above, click the "View Data" link on the left to answer the following questions(enter your responses exactly as they appear):

1. The CPI for April of 2018 (shown as 2018-04-01) was ___________.

1. The CPI for April of 2019 (shown as 2019-04-01) was ___________.

Using the CPI values you just gathered, calculate theinflation rate for the past year.

19. The inflation rate was ________%. (enter your response rounded to two decimal places.)SHOW YOUR WORK for #19to receive credit points.

1. What is the formula for the unemployment rate?

_______________________________________________________________

21.Which of the following is one of the conditions someone needs to meet to be counted as unemployed? ___________ (#21 is amultiple-choice question, select the your answer 1A, 2B, 3C or 4D),

1. A- They are a full-time student during the survey week.
2. B -They had worked for one hour per week during the previous four weeks.
3. C- They were on vacation during the week of the survey week.
4. D- They had actively looked for work at some time during the previous four weeks.

Suppose an economy has the following data:

Population = 258 million

Working-age population = 181 million

Labor force = 105 million

Number of people employed = 95 million

Number of people unemployed = 10 million

Using the information above, what is the labor force participation rate for this economy?SHOW YOUR WORK for #22to receive credit points.

22. ______________%.(Enter your response rounded to one decimal place.)

Using the information above, what is the unemployment rate for this economy? SHOW YOUR WORK for #23to receive credit points.

1. ______________%.(Enter your response rounded to one decimal place.)

Using the information above, what is the number of peoplenotin the labor force for this economy?SHOW YOUR WORK for #24to receive credit points.

1. ________________________