Un. Rate = (# unemployed/#labor force) x100

Labor Par Rate= labor force/population) x 100

Loss to GDP = {(un. Rate-natural rate) x 2.5 x GDP}/100

CPI = (value of the basket in current yr/ value of the basket in base year ) x 100

Inflation rate= (cpi (current yr)-cpi (prior yr)/cpi prior yr] x 100

GDP Index = (NGDP/RGDP) x100

1.Population of Germany is 335 million. Number of employed is 110 million. The number unemployedis 30 million. What is the unemployment rate?

2.Mexico has population of 400m. Labor par rate is 80%. Regitanis with jobs is 280m. What is the unemployment rate?

3.Russia's population is 600 million.Labor force is 450 million. Lab. Par rate is?

4.India's GDP in 2020 was $995 billion. Unemployment rate was 14%. What is the loss to gdp?

5.The bundle of goods and services in 2004 was valued at $850. The value of goods and service in 2000, the base year, was valued at $690. What was the cpi in 2004?

6.Calculate cpi and inflation rates for years 2020 and 2021

YEAR

VALUE OF BASKET

CPI

INFLATION RATE

2005*

$630

2020

$725

2021

$789

7.Calculate GDP index for 2016 and 2017 years

HAMBURGERS

HOTDOGS

GDPINDEX

PRICE

QTY

PRICE

QTY

2000*

$1

20

$5

50

2016

$3

30

$10

60

2017

$5

40

$20

70