If the analysts at the Federal Reserve are verifying the impact of inflation on GDP, which type of GDP are they likely calculating? Explain

.2. In 1980, Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1million. In 2000, Denmark had a GDP of $160 billion (measured in U.S. dollars) and a population of 5.3 million.

By what percentage did Denmark's GDP per capita rise between 1980 and 2000?3.

Over the past 50 years, many countries have experienced an annual growth rate in per capita real GDP greater than of the U.S. Some examples are China, Japan, South Korea, and Taiwan.

Does that mean the U.S. is regressing relative to other countries?

Does that mean these countries will eventually overtake the U.S. in terms of rate of growth of per capital real GDP?

Explain.4. If the Department of Labor determines that structural unemployment is rising quickly, and the department wants to reduce the level, in what type of programs would it be most likely to invest? Explain.

5. A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest of the adult population is out of the labor force. What's the unemployment rate? What share of population is in the labor force?

Sketch a pie chart that divides the adult population into these three groups.

6. If the Consumer Price Index changes from 108 in year one to 135 in year two, what was rate of inflation over the year between the measurements?

7. If inflation rises unexpectedly by 5%, indicate for each of the following whether the economic actor is helped, hurt, or unaffected:

a. A union member with a COLA wage contract

b. Someone with a large stash of cash in a safe deposit box

c. A bank lending money at a fixed rate of interest

d. A person who is not due to receive a pay raise for another 11 months

8. Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time payment of $20,000.

However, if the inflation rate is 6% per year, how much buying power will that$20,000 have when measured in today's dollars?