4. Please provide a plot of unemployment rate from 1990 to 2021, with quarterly frequency. 5. Please find the average hourly earning of all employees in March 2021, in total private sectors via the same data source. 6. Is the average hourly earning you found nominal or real? How do you know? 7. Please find the consumer price index in May 2020, using 1982-1984 as a base, via the same source in the last exercise. 8. If you answer nominal in B.6. Please compute real average hourly earning, measure in 1982-1984.
4. Please provide a plot of unemployment rate from 1990 to 2021, with quarterly frequency. 5. Please find the average hourly earning of all employees in March 2021, in total private sectors via the same data source. 6. Is the average hourly earning you found nominal or real? How do you know? 7. Please find the consumer price index in May 2020, using 1982-1984 as a base, via the same source in the last exercise. 8. If you answer nominal in B.6. Please compute real average hourly earning, measure in 1982-1984.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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4. Please provide a plot of unemployment rate from 1990 to 2021, with quarterly frequency. 5. Please find the average hourly earning of all employees in March 2021, in total private sectors via the same data source. 6. Is the average hourly earning you found nominal or real? How do you know? 7. Please find the consumer price index in May 2020, using 1982-1984 as a base, via the same source in the last exercise. 8. If you answer nominal in B.6. Please compute real average hourly earning, measure in 1982-1984.
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