4. (Similar to Chapter 12, Problem 47A) Assume that the following table represents the economy of the country of Colman. Given a labour force that remained a constant 150 million, calculate the unemployment and inflation rates for each of the years 2015 – 2020. Year Price Index Inflation Unemployment Unemployment Rate (%) (in millions) Rate (%) 2015 100 2016 105 16 2017 108.5 17.75 2018 114.2 12 2019 123.4 9.6 2020 139.6 6.4

4. (Similar to Chapter 12, Problem 47A) Assume that the following table represents the economy of the country of Colman. Given a labour force that remained a constant 150 million, calculate the unemployment and inflation rates for each of the years 2015 – 2020. Year Price Index Inflation Unemployment Unemployment Rate (%) (in millions) Rate (%) 2015 100 2016 105 16 2017 108.5 17.75 2018 114.2 12 2019 123.4 9.6 2020 139.6 6.4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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