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The table below shows a consumer's weekly purchases during 2019 and 2020. Answer the following questions writing out dollars and cents for monetary values e.g.
The table below shows a consumer's weekly purchases during 2019 and 2020. Answer the following questions writing out dollars and cents for monetary values e.g. $1.00 or $0.10, price index values as whole numbers without decimals e.g. 110, and percentage rates as whole numbers, e.g. 5%. Quantity Price ($) (# Consumed per Week) 2019 2020 2019 2020 Hamburgers 3. 00 3. 25 4 3 Bottles of Cola 1. 50 1. 55 12 13 a. The value of the consumer's 2019 shopping basket using 2019 prices is $ . The value of the same basket using 2020 prices is $ Round off the answer to two decimal places. b. If 2019 is used as the base year, the 2019 value of the consumer's price index is and the 2020 value of the index is c. Using 2019 as the base year, the inflation rate between 2019 and 2020 isThe information in the table below applies to a hypothetical economy. Answer the following questions writing out millions of workers and percentage rates each to one decimal place e.g. 1.0 million and 1.0%. Unemployed members of the labour force 2.0 million Total population 15 year of age and over 58. 6 million Participation rate 649 Workers with full-time jobs 21. 2 million Part-time workers who do not wish to have full-time jobs 3. 5 million Part-time workers who wish to have full-time jobs 3. 5 million Total population less than 15 years of age 14. 6 million a. The size of the labour force is million. b. The size of the labour force population is million. c. The official unemployment rate is %. d. An estimate of the unemployment rate that includes underemployment is %
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