4.15. Suppose that the CPl for July 2013 is 101.9 (with 2012- 100) and the CPI f

Question

4.15. Suppose that the CPl for July 2013 is 101.9 (with 2012- 100) and the CPI for July 2014 is 108.8. The inflation rate between July 2013 and July 2014 is... [2] 8.8% [3] 6.8% 4] none of the above Use the information below for country Zip and answer question 4.16. All the figures are in millions Total population in 2016 Total labour force in 2015 Economically active population in 2016 Number of people unemployed in 2016 1800 550 675 225 4.16. The unemployment rate in 2016 is equal to... [1] [2] [3] [4] 41% 38% 33.3% 81%

Explanation / Answer

Answer
Inflation rate=((Current CPI-Old CPI)/old CPI)*100
Inflation rate between 2013 and 2014=((108.8-101.9)/101.9)*100
=6.77134446
=6.8%
Option 3
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Unemployment rate=(unemployed/total labor force)*100
=(225/675)*100
=33.3333333
=33.3%
Option 3
The economically active people means the labor force, and we need 2016 laborforce so using that we found the unemployment rate.

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