NAME: Complete "Value (real)" column in the chart below (2 points) 2000 (BASE YEAR 2007 2010 Product Quantity Price Value Quantity Value Value Price Value Value Price (current) (real) Quantity (current) (real) Guns 50 20 1000 40 25 1000 22 1320 Shoes 100 10 1000 10 9 90 100 12 120 Onions 500 4 2000 600 40 616 5 3080 TOTAL 4000 4300 5600 Using the above chart, answer the following questions: Calculate the growth rate of Real GDP from 2000 to 2007 (to two decimal places): (2 points) (4300-4000)/4000*100=7.5 Calculate the GDP Index (deflator) for 2007 (to two decimal places): (3 points) Calculate the GDP Index (deflator) for 2010 (to two decimal places): (3 points) 5600/ Calculate the rate of inflation from 2007 to 2010 (to two decimal places): (2 points) You must use the GDP Index You must show your workNAME: MARKET BASKET OF 1982 (base year) 1990 2000 2010 GOODS Price Cost Price Cost Price Cost Price Cost 60 cups Coffee $0.80 $1.80 $1.40 $4.00 40 Doughnuts $0.40 $0.60 0.50 $1.00 2 Hair Cut $8.00 $9.00 $13.00 $20.00 10 Books $12.00 $15.00 $11.00 $16.00 Total Total Total Total Cost Cost Cost Cost 1) Complete the table above: (4 points) 2) Calculate the CPI Indexes for: (1 point each) Base Year 1990 2000 2010 3) Calculate the rate of inflation from: (2 point each) Base year - 1990 1990 - 2000 2000 - 2010The working age population of Shepherdlandia is 500. The number of employed persons in Shepherdlandia is 282. The total labor force in Shepherdlandia is 300. 1. How many people are unemployed? (1 MEN 2. What is the unemployment rate? (2 points). 6%. (Round to 2 decimal places X.xx%) 3. \"(hat is the labor force participation rate? (2 ME . (Round to 2 decimal places X.xx%) 4. Bob worked for pay last week for a total of 10 hours. He is looking for full time employment, so he is only employed 25%. [s Bob counted as employed, unemployed or neither as calculated by the U.S. BLS? (1 points) Bob is employed 5. 5 people, who had been counted as unemployed in the above table, have decided to not work for the next 9 months while they attend classes at SIR State College. \\Vhat is the new unemployment rate in Shepherdlandia I that results from their decision? (2 points) (Round to 2 decimal places Xxx%) Subsequent to the 6 people i.n_# 5 above: 6. In Shepherdlandia there are 9 citizens that are serving in the armed forces on active duty. If it was decided to count them in the working age population, what would the labor force participation rate be? (2 points) (Round to 2 decimal places X.XX%) 7. And the employment rate? (2 points) (Round to 2 decimal places X.XX%)