# Principles of Macroeconomics

Principles of Macroeconomics

Homework Assignment II

Don't use plagiarized sources. Get Your Custom Essay on
Principles of Macroeconomics
Just from \$13/Page

Chapter 6- Macroeconomic Measurements, Part I:
Prices and Unemployment

If the CPI is 100 in the base year and 108 in the current year, how much did prices rise between the base year and the current year? (show your work)

a.

8 percent

b.

108 percent

c.

1.08 percent

d.

0.08 percent

e.

80 percent

A market basket is made up of three goods, 10X, 12Y, and 18Z. The prices in the base year are \$1.20, \$2.10, and \$3.25, respectively. The prices in the current year are \$1.44, \$2.23, and \$3.88. What is the approximate consumer price index in the current year?

At the time of Kelsey’s 20 year high school reunion she was earning \$50,000 and the CPI was 120.  Now that it is time for her to attend her 30 year high school reunion, Kelsey’s income has risen to \$97,000 and the CPI is 230.  At her 30 year reunion, can Kelsey rightfully brag that her real income has risen since the last time she saw her former classmates ten years ago?

In an economy with 100 million people, 70 million hold civilian jobs and 19 million are not working but are looking for jobs. What is the unemployment rate ?

Suppose the civilian non-institutional population equals 100,000 persons; the civilian labor force equals 75,000 persons; there are 70,000 employed persons and 5,000 unemployed persons. If 5,000 persons who are currently “not in the labor force” decide to join the civilian labor force, and 3,000 of them are unemployed, then (show your work)

a.

both the unemployment and the employment rate rise.

b.

both the unemployment and the employment rate fall.

c.

the unemployment rate rises and the employment rate falls.

d.

the unemployment rate falls and the employment rate rises.

Pages (550 words)
Approximate price: -

Why Us

At TheQuizlet.com, you are guaranteed of quality service from our professional writers. We maintain consistent communication with customers after placing an order to avoid missing anything that may compromise the quality of delivered work.

Top Writers

Our hiring process is rigorous to maintain the desired quality that has become the core of our business. We expose potential writers to an uncompromising selection process that enables TheQuizlet to pick the best out of the rest. TheQuizlet boasts of a competent team of writers, editors, and professors who work towards accomplishing your goals.

Plagiarism-Free Papers

TheQuizlet has an in-house plagiarism software that lowers the probability of delivering plagiarized papers to our clients. Referencing is guided by the format specified by a customer when placing an order. Our writers are conversant with all referencing formats that include APA, MLA, Chicago, Harvard, and Vancouver among others.

We understand the importance of effective communication and as such, TheQuizlet has a dedicated customer support department that responds to all client needs. You can easily contact our team through a chat window at the bottom left corner. Additionally, clients can reach us through support’s email or a telephone number available on our contact page. Feel free to contact us at any time and our team of experts will solve all your problems.

Swift Delivery and 100% Money-back Guarantee

When placing an order, ensure that you specify the correct deadline to help our writers work around the provided timeline. At TheQuizlet, we deliver our tasks before the projected deadline to give time for the customer to proofread the work before submission. In the event we cannot deliver a paper on time, we initiate contact with the client to renegotiate a new deadline.

Unlimited and Free Revisions

We urge all our customers to request for a revision whenever they identify a need to amend the paper. Since we understand your concerns, TheQuizlet.com does not charge for revisions. Nonetheless, we encourage customers to be genuine when requesting for revisions.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Our Services

TheQuizlet is a one-stop shop for all your writing needs. We tackle each customer’s needs differently to improve the quality of outcomes and meet your expectations.

TheQuizlet is committed to delivering quality work on time to ensure our clients get the value for their money.