If nominal GDP in 2014 is $20.000 billion while real GDP is $16,500 billion, then the GDP deflator in 2014 isOA 125.OB 121.20 150OD 110OF 80.QUESTION 27 QUESTION 28In Country the adult population comprised of 200 people. 180 people are employed, and 5 people are unemployed What is the unemployment rate in country 27OA 2.78%OB 27%Of 5%00758OF 25%

GDP Deflator = Nominal GDPReal GDP×100Unemployment rate = Number of Unemployed personLabor…

Answered: QUESTION 27 If nominal GDP in 2014 is…

QUESTION 27 If nominal GDP in 2014 is $20.000 billion while real GDP is $16,500 billion, then the GDP deflator in 2014 is OA 125. OB 121.2 0 150 OD 110. OF 80.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 26RQ: What is frictional unemployment? Give examples of frictional unemployment.

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