In the following table is for the economy of Tibor: Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers CPI a) What is the unemployment rate? b) What is the participation rate? c) How much inflation has occurred since the base year? 60.0 39.5 6.1 24 16 112.5

In the following table is for the economy of Tibor: Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers CPI a) What is the unemployment rate? b) What is the participation rate? c) How much inflation has occurred since the base year? 60.0 39.5 6.1 24 16 112.5

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 33P: The index number representing the price level changes from 110 to 115 in one year and then from 115...

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