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Category > Economics Posted 03 May 2017 My Price 6.00

price level

Hi I'm stuck I have no idea how to find these(I have the answers but I can't figure out what they did to find them):

 

  1. Between 1980 and 2000 the price level approximately doubled. The average annual rate of inflation over this 20-year period was about: 

 

A. 5.5 percent.

B. 4.7 percent.

C. 3.5 percent.

D. 2.8 percent.

 

 

 

Unemployed 7

Total Population 145

Employed 95

Discouraged Workers 3

 

2. Refer to the above information. If the natural rate of unemployment in Scoob is 5 percent, then: 

A. structural unemployment is about 3 percent.

B. frictional unemployment is about 2 percent.

C. cyclical unemployment is about 2 percent.

D. hidden unemployment is about 5 percent.

 

 

3. If the nominal interest rate is 5 percent and the real interest rate is 2 percent, then the inflation premium is: 

Answers

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Status NEW Posted 03 May 2017 03:05 AM My Price 6.00

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