Exam 6: Macroeconomic Measurements, part I: Prices and Unemployment

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If the CPI is 230 in year 1 and 249 in year 2,what is the approximate percentage change in prices between the two years?

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If the CPI is 220 and nominal income is $37,000,approximately what does real income equal?

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Suppose there are 65 million employed persons,5 million unemployed persons,and 35 million persons not in the labor force.What does the civilian noninstitutional population equal?

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