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Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the next seven questions. What was the inflation rate between 2017 and 2018?

Use the following table to answer the next three questions: According to the above table, the number of people NOT in the labor force is equal to

Suppose that economists who study the paint industry classify Sherwin-Williams’s ProMar 200 paint as an inferior good. During a recession, when the income in the economy is decreasing, these economists would expect the demand curve for ProMar 200 to ________, causing the equilibrium price to ________ and the equilibrium quantity to ________.

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next six questions. Assume that goods A, B and C are the economy’s entire output and that the base year is 2017.’ What was the growth rate of real gross domestic product (GDP) between 2017 and 2018?

A small economy has consumption spending of $300 million, investment spending of $150 million, government spending of $25 million, imports of $35 million, and exports of $40 million. This economy’s gross domestic product (GDP) equals ________ million.

Consider the following data, which show the quantities and prices of two goods produced in an economy, to answer the next three questions. The market value of televisions produced is

Refer to the following scenario to answer the next four questions.A government worker surveys a number of households and comes up with the following information: there were a total of 200 people in the households, 25 of the people were children under 16, 10 of the people were retired but still capable of working, 100 people had full-time jobs, 15 had part-time jobs, 10 were stay-at-home parents, 20 were full-time students over the age of 16, 5 were disabled people who could not work, 10 people had no job but were looking for jobs, and there were 5 people who wanted a job but were not looking for a job. According to the information in the survey, the number of people in the work-eligible population is

Refer to the following scenario to answer the next four questions.A government worker surveys a number of households and comes up with the following information: there were a total of 200 people in the households, 25 of the people were children under 16, 10 of the people were retired but still capable of working, 100 people had full-time jobs, 15 had part-time jobs, 10 were stay-at-home parents, 20 were full-time students over the age of 16, 5 were disabled people who could not work, 10 people had no job but were looking for jobs, and there were 5 people who wanted a job but were not looking for a job. According to the information in the survey, the labor force participation rate is

Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the next seven questions. What is the value of real gross domestic product (GDP) in 2016?

According to the Bureau of Labor Statistics, if a jobless person has not sought a job in ________ weeks, that person is not counted in the unemployment statistics.