90.2K

Verified Solution

Link Copied!

$4)$ Use the data provided in Table $1$ and $2$ to calculate $($show your work$)$ the following macro aggregates

a$.$

Personal Consumption Expenditures

b$.$

Gross Private Domestic Investment

C$.$

Net Exports

d$.$

Government Purchases of Goods and Services

e$.$

GDP using the expenditure approach

f$.$

GDP per capita

$5)$collegeville economists have been using $2018$ as their base ear to calculate inflation.

a$.$

What is the CPI during the base year $(2018)?$

b$.$ What is the CPI for $2019?$

c$.$ What is the CPI for $2020?$

$6)$ Calculate the rate of inflation for Collegeville between the base year $(2018)$ and $2019?$ In other words, what was the rate by which prices increased between those years? Round the percentage to one decimal place; that is$,4\mathrm{.}36\%$ is $4\mathrm{.}4\%.$

$7)$ Calculate the rate of inflation for Collegeville between $2019$ and $2020?$ In other words, what was the rate by which prices increased between those years? Round the percentage to one decimal place; that is$,4\mathrm{.}36\%$ is $4\mathrm{.}4\%.$

$8)$ how many discouraged workers does Collegeville currently have? Is this group considered to be in the Labor Force? Why or why not?

$9)$calculate the unemployment rate for Collegeville. Round the percentage to one decimal place; that is$,4\mathrm{.}36\%$ is $4\mathrm{.}4\%.$

$10)$once you have calculated the current unemployment rate in Collegeville, what is the corresponding

"employment rate". In other words, which proportion of the labor force is considered employed?

$11)$explain the relationship or connection between the Natural Rate of unemployment and the concept of

Full Employment?

$12)$according to the data, is the economy of Collegeville performing at$,$ above or below full employment?

Explain.

Answer & Explanation Solved by verified expert

See Answer