Given the information about the Montegnonian economy in Table 0.1, calculate the

Question

Given the information about the Montegnonian economy in Table 0.1, calculate the Real GDP growth rate for each stated time interval (Shaw all work.): a) Year 1900 to Year 1920 b) Year 1920 to Year 1930 c) Year 1930 to Year 1940 d) Year 1940 to Year 1950 e) Year 1900 to Year 1950 0.2) Measuring Inflation 25 Points Using the Montegnonian CPI information in Table 0.2, calculate the inflation rate in each year from 1910 to 1915, if possible. (Show all work.) 0.3) Measuring Employment-25 points The Bureau of Labor Statistics announces, of all adult Montegnonians: 375,000,000 were employed, 29,000,000 were unemployed, and 179,000,000 were not in the labor force. Use this information to calculate: a) The adult population b) The labor force c) The labor-force participation rate d) The unemployment rate e) How would the labor force participation rate and unemployment rate change if 1,700,000 discouraged-job seekers stopped looking for work? Explain.

Explanation / Answer

Hello Pal,

First of all a very nice as well as intersting question from your side.

So now straight to the question, as asked above with all the information available from your side and from mine, the answer is as under:

Q.1 GDP Growth:

1900-20 - 4.44

1920-30 - 7.97

1930-40 - 14.55

1940-50 - 3.7

Q.2 Inflation:

1910 - 85.24

1911 - 97.60

1912 - 98.72

1913 - 105.55

1914 - 109.57

1915 - 109.99

Q.3 a) 225000000

b) 375000000

c) 14% approx

d) 9% approx

e) It won't make any difference at all as it will ahve no impact.

That is all I can say from the above given information by you, hope have solved your problem to some extent.

Regards.

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