Year	Price Index	Nominal Wage	Real Wage
2018	220	$40,000
2019	224	$42,000

1. Find the 2019 inflation rate. 2. Moran's nominal 2019 salary is given above. Is she making more or less than she made in 2018, adjusted for inflation? How can you tell?

Population	Labor Force	Employed Persons	Unemployed Persons	People Not in the Labor Force	Labor Force Participation Rate	Unemployment Rate
500,000	410,000	381,300
500,000

1. find the number unemployed, the labor force participation rate, and the unemployment rate. complete the first row of the chart above.

2. say10,000 unemployed workers become discouraged. complete the second row of the chart abouve.