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Task 1: Categorize the following groups of people by different types(structural, cyclical, or frictional) of unemployment and report it to the BLS (Bureau of Labor Statistics) in a month. The document you receive has the following information: “There are 330,000 people reside in Riverside. Among them, 40% of the population is civilian labor force. The […]
Please show and explain your work 1. (20 points) Nominal GDP GDP Deflator Year (tlillions 5) (base year 2005) 2020 $15 2002 $10 92 a. Calculate the growth rate of nominal GDP between 2002 and 2020. You may use the formula 100 x over an N-year period and then a calculator on the web, but […]
Papers or Charticles 1. Go to the relevant data source for the economic statistic and find the latest release. For example, for GDP, go to bea.gov. (Bureau of Economic Analysis) 2. Summarize the latest data. 3. Provide a description of the economic statistic 4. Transition from the release to the topic you want to discuss. […]
