The data in the table below are for the economy of Merton, which has a natural rate of unemployment of 5% What is the size of the GDP gap for each of the three years? Enter your responses rounded to two decimal places, in the final row of the table. Real GDP ($billions) Unemployment rate GDP Gap (billions) $ 2015 $700 8.6% $ 2016 $675 7.4% $ 2017 $825 6.4%

Suppose the real GDP of an economy is $440 bilition dollars and its unemployment rate is 6%. If the natural rate of unemployment is estimated at 4%, what is the value of the country's potential GDP (LAS) in billions of dollars? Value of the country's potential GDP (LAS) is $ .......billion.

The table below presents actual household data collected by the BLS for September 2018 and September 2019 ( It is attached) Please show me how you got the answer.     Use the information in the table above to compute the numerical values for the following categories, for Sept. 18 and Sept. 19 ( Make sure to also Provide the equation or formula you used to calculate each category)   Sept. 2019 Sept. 2020 Population     Labor force     Participation rate     Employment-population ratio     Unemployment rate

Consider a simple economy that only produces: pencils, t-shirts, and bananas. Using the information in the table below, calculate the inflation rate for 2020, as measured by the consumer price index. Product Pencils T-shirts Bananas 1.9% 1.1% O-1.1% 1.5% O-1.9% Quantity 8 15 5 Base year price (2010) $2 $5 $1 Price (2019) $3 $7 $1.50 Price (2020) $3.50 $6.75 $1.75

Nominal Wage rates are:     wages and salaries plus the value of benefits     the number of people paid hourly wages     wage rates adjusted for inflation     wage rates minus taxes and other deductions     the rate of payment to workers in current dollars

Consider the following data: Employment (E): 312, 545,372 Unemployment Rate (%u): 7.4% Participation rate: 80% How many people are unemployed (U) What is the size of the labor force (L) What is the size of the working-age population (POP)

Consider the price and quantity information for the three goods listed in the table below. You may assume the base year is 2018. Item Quantity Price Price Quantity 2018 2018 2019 2019 Movie $10 $11.87 14 tickets Bags of 2 $3 $3.24 6 popcorn Drinks of soda 16 $1 $1.71 Based on the GDP deflator method, what was the rate of inflation between the two years? Round your answer to two decimal places. Do not enter a percent sign. SUS