For following three questions, use macroeconomic information given below:“ Year 2020-e 8100 82 Year 2019 Output(Corn)² People w/o Jobs People w/o Jobs, but Searchinga People w/o Jobs, not Searching= People with Jobse Price per corn 7000 70- 60- 71e 10 700 11e 900 $92 $82 4) What was the growth rate of average labor productivity from Year 2019 to Year 2020?« a. -10%e b. -5% c. 5%e d. 10%e 5) What was the inflation rate between Year 2019 and Year 2020?“ a. 10.3% b. 12.5% c. 25.0% d. 15.5% 6) What was the unemployment rate in Year 2019 and Year 2020, respectively? a. 3/38, 71/971- b. 1/10, 41/450- c. 3/35, 71/900- d. 1/70, 11/900 Vou may remember John Mavnard Kevnes said "in the long run we are all dead » What is the
For following three questions, use macroeconomic information given below:“ Year 2020-e 8100 82 Year 2019 Output(Corn)² People w/o Jobs People w/o Jobs, but Searchinga People w/o Jobs, not Searching= People with Jobse Price per corn 7000 70- 60- 71e 10 700 11e 900 $92 $82 4) What was the growth rate of average labor productivity from Year 2019 to Year 2020?« a. -10%e b. -5% c. 5%e d. 10%e 5) What was the inflation rate between Year 2019 and Year 2020?“ a. 10.3% b. 12.5% c. 25.0% d. 15.5% 6) What was the unemployment rate in Year 2019 and Year 2020, respectively? a. 3/38, 71/971- b. 1/10, 41/450- c. 3/35, 71/900- d. 1/70, 11/900 Vou may remember John Mavnard Kevnes said "in the long run we are all dead » What is the
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 2P
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