The following time-series plot shows the annual unemployment rate in blue and th

Question

The following time-series plot shows the annual unemployment rate in blue and the annual inflation rate in rad over a period of 19 years. Complete parts (a) through (d) below. (a) Estimate the unemployment and inflation rates for year 5. The unemployment rate in year 5 was approximately %. The inflation rate in year 5 was approximately %. (b) Estimate the unemployment and inflation rates for year 19. The unemployment rate in year 19 was approximately %. The inflation rate in year 19 was approximately %. (c) The misery index is defined as the sum of the unemployment rate and the inflation rate. Use your results from (a) and (b) to estimate the misery index for years 5 and 19. The misery index for year 5 was approximately %.

Explanation / Answer

a) FRom the graph we have

As the blue line represents unemployment from graph we see that at year 5, unemployment is 5%

The red line is represents infilation and at year 5 the inflation is 3%

b) FRom the graph we have

on year 19 unemployment is 5%

On year 19 inflation is 4%

c) for year 5 misery index is 3%+5%=8%

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