In April approximately 22 million people filed for unemploymentinsurance.  In March the labor force was (BLS data)162,913,000 with Employment = 155,772,000 and Unemployed =7,140,000.  What would April’s unemployment rate beapproximately?
If natural unemployment is around 4% and from Okun’s Lawapproximately for every 1% point change in unemployment, GDP falls2%, how much has GDP dropped in % terms?
If real GDP in March (FRED) was $19,221.970 billion ($19.22Trillion), what is the drop in dollar value of production?
If Forecasting Company announced that they predict the mpc hasfallen to 0.5, How much Government spending will need to beinjected to get back to Un(natural rate of unemployment whereactual and potential output are back to long-runlevels)? Â
