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Macroeconomic information for the economy of Anchovy is given below: 2000 2001 Output (pizzas) 8000 9000 Employment (workers) 700 800 Unemployed (workers) 70 100 Labour
Macroeconomic information for the economy of Anchovy is given below:
2000 | 2001 |
Output (pizzas) 8000 | 9000 |
Employment (workers) 700 | 800 |
Unemployed (workers) 70 | 100 |
Labour force (workers) 770 | 900 |
Price per pizza $8.00 | $9.00 |
1
What was the inflation rate in Anchovy between 2000 and 2001?
What was the unemployment rate in 2000? In 2001?
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