graph unemployment rate from 2008 to today.

Define CPI. What is it? What does it measure? How is it calculated?

How do we calculate the inflation rate and what is its relationship with the CPI?

What does the CPI in the base year equal? Explain your answer.

Only typed answer and please don't use chatgpt

None

January 2016 January 2015 Washington 3,588,100 209,900 3,521,200 202,700 Resident labor force Unemployed Seattle/Bellevue/Everett Resident labor force 1,594,600 81,400 1,569,800 69,900 Unemployed

Month CPI January 281.93 February 284.18 March 287.71 April 288.66 The minimum wage was $1.60 in 1968. The CPI in December of 1968 was 35.6 and we have the data above for CPI values in 2022.  What is the value of the 1968 minimum wage in April 2022 terms? Round your answer to two digits after the decimal without the dollar sign. Make sure you are using the correct base period.

List and describe the 3 types of unemployment. Give an example of each.

Using the table, Year 2018 Year 2019 Population Labor Force Employed 3500 2000 3675 2200 1980 1800 13. What is the unemployment rate in each year? 14. Calculate the change in the number of unemployed between Year 2018 and Year 2019? 15. How is the apparent discrepancy between #13 and #14 explained?