these are how the practice questions look exactly.
In an economy, the working-age population is 200 million. Of this total, 150.0 million workers are employed. 8.0 million workers are unemployed. 32.0 million workers are not available for work (homemakers, full-time students, etc.). 6.0 million workers are available for work but are discouraged and thus are not seeking work. 4.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor force participation rate in this economy is |:|%. (Round your answer to one decimal place.) The monthly market basket for consumers consists of pizza, t-shirts, and rent. The table below shows market basket quantities and prices for the base year (Year 1) and in the following two years. Base Year (Year 1) Price in the Price in Price in Product Quantity Base Year Year 2 Year 3 Pizza 10 $2.50 $3.13 $3.75 T-Shirts 4 $10.00 $9.00 $10.50 Rent 1 $350.00 $385.00 $420.00 The ination rate between Year 1 and Year 2 is |:|%. (Round both answers to one decimal place.) The ination rate between Year 2 and Year 3 is |:|%. The working-age population in Concordia was estimated to be 6.5 million in a certain year. The country's labor department announced that the total number of unemployed people in the country had gone up to 460,000 during this year while, the total number of people out of the labor force decreased to 2,000,000. Oscar Lewis, a student of labor economics believes that the labor department data is awed. Which of the following, if true, would strengthen the argument that the data overstates unemployment? O A. A large proportion of employment is in the unorganized sector, which is unaccounted for in the labor bureau data. C) B. The country's presidential elections held once in ve years are due this year. 0 C. The government's macroeconomic study reveals that unemployment levels are likely to come down over the next one year. 0 D. The labor bureau in Concordia does not include the country's armed forces personnel in its working-age population. 0 E. The data does not cover the thousands of Concordians who work in other countries. Suppose the total number of people who are unemployed increases while the unemployment rate decreases. How is this possible? A. This is not possible. O B. It is possible if labor force participation rates also fall. O C. It is possible provided those that lost their jobs immediately begin seeking new jobs. O D. The unemployment rate will always fall as employment falls.The following table lists hypothetical values. (1) (2) (3) (4) (5) (6) (7) (8) GDP Deflator Real GDP Percentage GDP Deflator Real GDP Percentage Nominal (base year = (base year change in real (base year = (base year = change in Year GDP 2018) = 2018) GDP 2020) 2020) real GDP 2016 $980.00 90 81.8 2017 1,020.00 92 EA 83.6 2018 1,050.00 100 90.9 2019 1,200.00 105 95.5 2020 1,400.00 110 EA 100 Fill in Column (4) by calculating real GDP using the GDP deflator with a base year of 2018 from Column (3). Fill in Column (7) by calculating real GDP using the GDP deflator with a base year of 2020 from Column (6). (Enter your responses rounded to the nearest whole number.) Fill in Column (5) by calculating the annual percentage change in real GDP for each year using the values from Column (4). Fill in Column (8) by calculating the annual percentage change in real GDP for each year using the values from Column (6). (Enter your responses rounded to two decimal places and include a minus sign if necessary.)
