A. California has 11.1 million employed people, 6.2 million unemployed people and 7 million people not in the labor force. Compute the labor force, unemployment rate adult population, and labor force participation rate

Study the associated figure. Adjusted for​ inflation, during which years during the period shown did the lowest gasoline prices​ occur? A) Gas was cheapest in 1998 - ​1999 because the graph shows that the actual price of a gallon of gas was at its lowest in that time period. B) Gas was cheapest in 1998 - ​1999 because the graph shows that the price of a gallon of gas in 2016 dollars was at its lowest in that time period.   C) Gas was cheapest in 1980 - ​1982 because the graph shows that the price of a gallon of gas in 2016 dollars was at its lowest in that time period.   D) Gas was cheapest in 1950 - ​1952 because the graph shows that the price of a gallon of gas in 2016 dollars was at its lowest in that time period.

If inflation is 1% and Nominal Interest rate is 3.1%  Find the value of real interest rate

2. According to an old myth, native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate of 10% per year and average inflation rate of 2.5%, how much would they have today in real values?