GDP ItemDollar ValueC/I/G/X/M? Instructions: To the left are the national accounts for the country of Nepaldwell. Place each item in its proper category, and then calculate Nepaldwell's gross...

GDP


GDP ItemDollar ValueC/I/G/X/M?Instructions: To the left are the national accounts for the country of Nepaldwell. Place each item in its proper category, and then calculate Nepaldwell's gross domestic product. Apple Juice Sold$ 50.00ConsumptionConsumptionTRUEConsumption Apples harvested for apple juice$ 15.00Does Not CountDoes Not CountTRUEInvestment Apple orchards developed$ 35.00Does Not CountInvestmentFALSEGovernment Spending Stock purchased in Apple$ 20.00InvestmentDoes Not CountFALSEExports Apples Shipped Abroad$ 35.00ExportsExportsTRUEImports Oranges imported from abroad$ 10.00ImportsImportsTRUEDoes Not Count Apple Purchases for Public School Lunches$ 25.00ConsumptionGovernment SpendingFALSE Food Stamp Cash Transfers$ 15.00Does Not CountDoes Not CountTRUE Total gross domestic product$ 130.00$ 135.00FALSE Try Again! If Nepaldwell has a population of 15 people, what is their GDP per capita? Record your answer here --> $ 8.67FALSE Unemployment MelbaniaPopulationLabor ForceUnemployedInstructions: Melbania has a population of 1,000, a labor force of 850 and an unemployed population of 51. Fruitlandia has 25,000 people, a labor force participation rate of 75% and an unemployment rate of 5%. Fill in the blanks for each country. 1,00085051 LF %Unemp. % 85.0%6.0%0.850.06 Correct!Correct! FruitlandiaPopulationLabor ForceUnemployed 25,00020,0001,00020,0001,000 LF%Unemp. % 80%5% Correct!Correct!TRUECycical Unemployment TRUEStructural Unemployment TRUEFrictional Unemployment TRUENot in the Labor Force ActivityCyclical/Structural/Frictional/Not in the Labor Force? Instructions: Classify each activity as either Frictional, Structural, or Cyclical Unemployment, or Not in the Labor Force. A teenager looks for an after-school job.Frictional UnemploymentFrictional UnemploymentTRUE After an economic downturn, many businesses lay off workers.Cycical UnemploymentCycical UnemploymentTRUE A high school economics teacher quits his job to become a hermit.Not in the Labor ForceNot in the Labor ForceTRUE Coal mines are hiring less workers because technology is getting more productive.Structural UnemploymentStructural UnemploymentTRUE Correct!8 Inflation GoodQuantityUnit Cost (Period 1)secretTotal Amount SpentUnit Cost (Period 2)secretTotal Amount SpentUnit Cost (Period 3)secretTotal Amount SpentInstructions Step 1: Calculate the total amount spent on each of the three goods for each period. Step 2: Calculate the inflation from period to period. (Round to the nearest tenth of a percent) Step 3: Calculate the Consumer Price Index of each period (using Period 1 as the base period). Hot Dogs10$ 3.00$ 30.00$ 30.00$ 5.00$ 50.00$ 50.00$ 9.00$ 90.00$ 90.00 Haircuts5$ 15.00$ 75.00$ 75.00$ 20.00$ 100.00$ 100.00$ 23.00$ 115.00$ 115.00 Harleys1$ 495.00$ 495.00$ 495.00$ 510.00$ 510.00$ 510.00$ 545.00$ 545.00$ 545.00 Total$ 600.00$ 600.00Correct!$ 660.00$ 660.00Correct!$ 750.00$ 750.00Correct! InflationTRUE-8.900000%1.1%-12.386364%1.3% 100110Correct!125Correct! TRUE What is the CPI in Period 1?100TRUECorrect! What is the CPI in Period 2?110TRUECorrect! What is the CPI in Period 3?125TRUECorrect! (Round to the nearest tenth)TRUE TRUE TRUE 8 Turn-in Instructions Once you have completed your worksheet, please email the finished version to my email address: [email protected]. In the subject line, you should put the following: "FirstName LastName Period# HW 4" For example, if Jared Kushner (Period 4B) emailed his homework to Mr. Schasel, his subject line would read: Jared Kushner 4B HW 4