Homework Help is Here – Start Your Trial Now!
Business
Economics
QUESTION 21 Labor Data for Uruguay Year 2017 2018 2019 Adult population 6,000 9,000 9,600 Number of employed 4,200 3,900 4,800 Number of 600 1,800 600 unemployed The labor force participation rate of Uruguay а. increased both from 2017 to 2018 and from 2018 to 2019. b. increased from 2017 to 2018 but decreased from 2018 to 2019. с. decreased from 2017 to 2018 but increased from 2018 to 2019. d. decreased both from 2017 to 2018 and from 2018 to 2019. a b. C d. QUESTION'5 If the consumer price index was 110 in the base year and 121 in the following year, then the inflation rate was a. 10 регсent. b. 1 percent. -9.09 регсеnt. C. d. 110 percent. a QUESTION 6 The USA imports milk. If its price increases, it will shows up a. in the consumer price index and in the GDP deflator. b. in the consumer price index, but not in the GDP deflator. in the GDP deflator, but not in the consumer price index. с. d. in neither the consumer price index nor in the GDP deflator. a dl

QUESTION 21 Labor Data for Uruguay Year 2017 2018 2019 Adult population 6,000 9,000 9,600 Number of employed 4,200 3,900 4,800 Number of 600 1,800 600 unemployed The labor force participation rate of Uruguay а. increased both from 2017 to 2018 and from 2018 to 2019. b. increased from 2017 to 2018 but decreased from 2018 to 2019. с. decreased from 2017 to 2018 but increased from 2018 to 2019. d. decreased both from 2017 to 2018 and from 2018 to 2019. a b. C d. QUESTION'5 If the consumer price index was 110 in the base year and 121 in the following year, then the inflation rate was a. 10 регсent. b. 1 percent. -9.09 регсеnt. C. d. 110 percent. a QUESTION 6 The USA imports milk. If its price increases, it will shows up a. in the consumer price index and in the GDP deflator. b. in the consumer price index, but not in the GDP deflator. in the GDP deflator, but not in the consumer price index. с. d. in neither the consumer price index nor in the GDP deflator. a dl

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Unemployment
Section: Chapter Questions
Problem 1QR
See similar textbooks
icon
Related questions
Question
QUESTION 21 Labor Data for Uruguay Year 2017 2018 2019 Adult population 6,000 9,000 9,600 Number of employed 4,200 3,900 4,800 Number of 600 1,800 600 unemployed The labor force participation rate of Uruguay а. increased both from 2017 to 2018 and from 2018 to 2019. b. increased from 2017 to 2018 but decreased from 2018 to 2019. с. decreased from 2017 to 2018 but increased from 2018 to 2019. d. decreased both from 2017 to 2018 and from 2018 to 2019. a b. C d.
Transcribed Image Text:QUESTION 21 Labor Data for Uruguay Year 2017 2018 2019 Adult population 6,000 9,000 9,600 Number of employed 4,200 3,900 4,800 Number of 600 1,800 600 unemployed The labor force participation rate of Uruguay а. increased both from 2017 to 2018 and from 2018 to 2019. b. increased from 2017 to 2018 but decreased from 2018 to 2019. с. decreased from 2017 to 2018 but increased from 2018 to 2019. d. decreased both from 2017 to 2018 and from 2018 to 2019. a b. C d.
QUESTION'5 If the consumer price index was 110 in the base year and 121 in the following year, then the inflation rate was a. 10 регсent. b. 1 percent. -9.09 регсеnt. C. d. 110 percent. a QUESTION 6 The USA imports milk. If its price increases, it will shows up a. in the consumer price index and in the GDP deflator. b. in the consumer price index, but not in the GDP deflator. in the GDP deflator, but not in the consumer price index. с. d. in neither the consumer price index nor in the GDP deflator. a dl
Transcribed Image Text:QUESTION'5 If the consumer price index was 110 in the base year and 121 in the following year, then the inflation rate was a. 10 регсent. b. 1 percent. -9.09 регсеnt. C. d. 110 percent. a QUESTION 6 The USA imports milk. If its price increases, it will shows up a. in the consumer price index and in the GDP deflator. b. in the consumer price index, but not in the GDP deflator. in the GDP deflator, but not in the consumer price index. с. d. in neither the consumer price index nor in the GDP deflator. a dl
Expert Solution
Step 1

CPI is measured using fixed basket of goods. 

Step 2

Economics homework question answer, step 2, image 1

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Economics, 7th Edition (MindTap Cou…
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS