umbers and Graphs: Macroeconomic Measurements, Part I: Prices and Unemployment (Ch 06) Attempts Average / 1 6. Working with Numbers and Graphs Q6 Consider the following data: Population Category (Million people) Civilian noninstitutional population 200 Number of employed 132 Number of unemployed 9 On the basis of the data, complete the following table by computing (a) the unemployment rate, (b) the employment rate, and (c) the labor force participation rate. Rate Category (Percent) Unemployment rate 66/ 70.5 /6.4 Employment rate 66/6.4/70.5 Labor force participation rate 6.4/70.5/66 Grade It Now Save & Continue Continue without saving MacBook Air 838 % BA 5 6 9 O 3 U O P E R T Y W H K S D F G C V B N M XNumbers and Graphs: Macroeconomic Measurements, Part I: Prices and Unemployment (Ch 06) 8. Working with Numbers and Graphs Q8 The following table shows CPI in the period from 1960 to 2016. (Note: This is Exhibit 2 in your textbook.) Use this table to answer the question that follows. Year CPI Year CPI 1960 29.6 1988 118.3 1961 29.9 1989 124.0 1962 30.2 1990 130.7 1963 30.6 1991 136.2 1964 31.0 1992 140.3 1965 31.5 1993 144.5 1966 32.4 1994 148.2 1967 33.4 1995 152.4 1968 34.8 1996 156.9 1969 36.7 1997 160.5 1970 38.8 1998 163.0 1971 40.5 1999 166.6 1972 41.8 2000 172.2 1973 44.4 2001 177.1 1974 49.3 2002 179.9 1975 53.8 2003 184.0 1976 56.9 2004 188.9 1977 60.6 2005 195.3 1978 65.2 2006 201.6 1979 72.6 2007 207.342 1980 82.4 2008 215.303 MacBook Air DII 898 F6 F7 FB F9 F4 E5 * LO m 3 LUng.cengage.com Coll. Blackboard | Miami Dade Coll. Access Module 3 Training (gr. C MindTap - Cengage Learning Introducing ChatGP CENGAGE | MINDTAP Numbers and Graphs: Macroeconomic Measurements, Part II: GDP and Real GDP (Ch 07) Back to Assignment Attempts 0 Average 0 / 1 5. Working with Numbers and Graphs Q5 Consider a scenario in which nondurable goods spending is $500 million, durable goods spending is $300 million, new residential housing spending is $200 million, and spending on services is $500 million. What does consumption equal? $1,500 million $1,200 trillion $1,300 million $1,000 million Grade It Now Save & Continue Continue without saving MacBook Air DD 888 FB * Of LO O # m CO O LU LL5. Working with Numbers and Graphs Q5 The following table shows CPI in the period from 1960 to 2016. (Note: This is Exhibit 2 in your textbook.) Use this table to answer the question that follows. Year CPI Year CPI 1960 29.6 1988 118.3 1961 29.9 1989 124.0 1962 30.2 1990 130.7 1963 30.6 1991 136.5 1964 31.0 1992 140.3 1965 31.5 1993 144.5 1966 32.4 148.2 1967 33.4 1995 152.4 1968 34.8 1996 156.9 1969 36.7 1997 160.5 970 38.8 1998 163.0 1971 40.5 1999 166.6 1972 41.8 2000 172.2 1973 44.4 2001 177. 1974 49.3 2002 179.9 1975 53.8 2003 184.0 1976 56.9 2004 188.9 1977 60.6 2005 195.3 1978 65.2 2006 201.6 MacBook Air 88 DI FB DD F9 * # m of LO O LU C O LL I Y X > ZA ng.cengage.com X Coll An Blackboard | Miami Dade Coll. Access Module 3 Training (gr... C MindTap - Cengage Learning CENGAGE MINDTAP C Mind Tap - Cengage Numbers and Graphs: Macroeconomic Measurements, Part I: Prices and Unemployment (Ch 06) 1978 65.2 2006 201.6 1979 72.6 2007 207.342 1980 82.4 2008 215.303 1981 90.9 2009 214.537 1982 96.5 2010 218.056 1983 99.6 2011 224.939 1984 103.9 2012 229.594 1985 107.6 2013 232.957 1986 109.6 2014 236.737 1987 113.6 2015 237.017 2016 241.353 Source: The Data Were Reported at the Website of the U.S. Bureau of Labor Statistics: Http://www.bls.gov/home.htm. Beginning in 2007, the Bureau of Labor Statistics Began Reporting the CPI to Three Decimal Points.. Complete the following table by computing the percentage change in prices between the years given: Percentage Change in Prices Time Period 1969 and 1979 1979 and 1989 1990 and 1999 Save & Continue Grade It Now Continue without saving MacBook Air DO F10 44 F7 * O ZC G ng.cengage.com Blackboard | Miami Dade Coll. Access Module 3 Training (gr... C MindTap - Cengage Learning C Mind Tap - Cengage Learn CENGAGE | MINDTAP Numbers and Graphs: Macroeconomic Measurements, Part II: GDP and Real GDP (Ch 07) Back to Assignment Attempts 0 Average 0 / 1 6. Working with Numbers and Graphs Q6 According to the circular flow diagram in Exhibit 4 in your textbook, consumption spending flows into U.S. product markets, but import spending does not. On the other hand, U.S. households buy imported goods in U.S. markets. True or False: Income generated by sales of foreign-produced goods in U.S. markets flows to the U.S. government; thus, this income is redistributed as publicly provided goods and services in the United States. True OFalse Grade It Now Save & Continue Continue without saving MacBook Air ER F10 * ZBlackboard | Miami Dade Coll. Access Module 3 Training (gr. C MindTap - Cengage Learning C MindTap - Cengage CENGAGE | MINDTAP Numbers and Graphs: Macroeconomic Measurements, Part II: GDP and Real GDP (Ch 07) Attempts Average / 1 4. Working with Numbers and Graphs Q4 Consider the following scenario, which is also depicted in the table that follows. In year 1, the prices of goods X, Y, and Z are $3, $4, and $6 per unit, respectively. In year 2, the prices of goods X, Y, and Z are $2, $4, and $7, respectively. In year 2, twice as many units of each good are produced as in year 1. In year 1, 20 units of X, 40 units of Y, and 60 units of Z are produced. Good X Good Y Good Z Price Quantity Price Quantity Price Quantity Year (Dollars) (Units) (Dollars) (Units) (Dollars) (Units) Year 1 20 40 120 If year 1 is the base year, what does Real GDP equal in year 2? $620 $580 $1,160 $1,240 Grade It Now Save & Continue Continue without saving MacBook Air DD FO F10 * K 28 LO # m O OO F LU X I O LL OColl... Blackboard | Miami Dade Coll. Access Module 3 Training (gr.. C Mind Tap - Cengage Learning Introducing Ch CENGAGE | MINDTAP Numbers and Graphs: Macroeconomic Measurements, Part II: GDP and Real GDP (Ch 07) Back to Assignment Attempts Average / 1 4. Working with Numbers and Graphs Q4 K Consider the following scenario, which is also depicted in the table that follows. In year 1, the prices of goods X, Y, and Z are $3, $4, and $6 per unit, respectively. In year 2, the prices of goods X, Y, and Z are $2, $4, and $7, respectively. In year 2, twice as many units of each good are produced as in year 1. In year 1, 20 units of X, 40 units of Y, and 60 units of Z.are produced. Good X Good Y Good Z Price Quantity Price Quantity Price Quantity Year ( Dollars) (Units) (Dollars) (Units) (Dollars) (Units) Year 1 40 Year 2 40 80 120 If year 1 is the base year, what does Real GDP equal in year 2? $620 $580 $1,160 $1,240 Grade It Now Save & Continue MacBook Air DO *