Question #1

\f2. Given the following table, calculate the following economic variables country |population Nominal GDP CPI Labour Labour unemployed force force population A 35,000,000 1,200,000,000,000 125 21,000,000 19,000,000 300000 B 63,000,000 2,040,000,000,000 116 49,000,000 43,000,000 620000 a) For each country, calculate the real per capita GDP, unemployment rate and labor force participation rate Country A real per capita GDP unemployment rate labor force participation rate Country B real per capita GDP unemployment rate labor force participation rate b) Jason wants to move to country A or country B. Where should he live and why. |