The local gas station agreed to pay its workers $6 an hour in 2018 and $9 an hour in 2019. The GDP price index was 252 in 2018 and 257 in 2019. Calculate the real wage rate in each year. Did these workers really get a pay raise between 2018 and 2019? >>> Answer to 2 decimal places. The real wage rate in 2018 was $ ___ . The real wage rate in 2019 was $ ____ .

The local gas station agreed to pay its workers $6 an hour in 2018 and $9 an hour in 2019. The GDP price index was 252 in 2018 and 257 in 2019. Calculate the real wage rate in each year. Did these workers really get a pay raise between 2018 and 2019? >>> Answer to 2 decimal places. The real wage rate in 2018 was $ _ . The real wage rate in 2019 was $ __ .

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 4SQP

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In January 2019 , the labor force was 163.2 million, employment was 156.9 million, and the working-age population was 258.2 million. Calculate the labor force participation rate in January 2019 . The labor force participation rate was enter your response here percent. >>> Answer to 1 decimal place.
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The Labor Force is 12,000,000 and the number of employed is 11,500,000, what is the unemployment rate
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what is the unemployment rate in 2019? refer to the table