Question

Year 2019 ECON 215: Practice problems: Measurements (Round to THREE decimal places) 2. Complete the chart of percentage changes: 2017 2018 Nominal GDP $3,256 $3,459 $4,011 Original Value New Value % Change СРІ 182 185 190 Minimum wage $12 $12 $12 17 nominalr 1% 1.25% Population 23 215 15 4% 206 1. Complete the chart below using the provided numbers: 1834 1856 00000 2017 2018 2019 22.15 23.76 41.87 41 XXXX Real GDP Real GDP per capita Realr Real min. wage Nom. GDP growth rate Inflation rate Real GDP growth rate XXXX XXXX XXXX 3. Complete the Chart below: Discouraged Workers Not working, but looking Retirees Full-time workers Under age 16 Part-time workers Not working, not looking Labor Force Unemployment Rate 2018 250 1000 3200 12400 4100 8200 2300 2019 200 1200 3300 13200 4000 8400 2400

Answer 1

Nomind Gof 0Real GoP- IDO Real ab fopuldlion Real GoP Capita per Inftation Tate Nomina T- Real minimum Real min wage TOO gouth vale Nominel G 2019 2018 2017 2 11.053 1869.130 Real GoP 1489.011 81.293 84.4-49 Real fDP per Capita 1.319 Real 0.398% 1.9977 Real min. 6.4-865 6.593 6.316 uage Nom. GoP gawth vale 6.935 15.958 Imtation rate XXXX 2.303 1.6487 Real Gop gousth Yae 4.5 12.904/ New Value ongnal Uale chasge X100 Oniginal Valre

7.chawge Naw Value Ongud 13.33% 15 17 -4.186% 206 215 1.19967 1856 te34 .269% 23.76 వివక - 2.078% 41.87 41 3 Labour force NotUDting but tooking+ (Fatl time ooty +Past time wocers) Labour tone not inulnde diptournged workers ot urting not eetires. undu agel optng 2019 2018 Labour force 21600 22800 wneapeynt t0.648%0.526% Tate uemployed paple Labour force wnemplyst Tate