Exhibit 7-2 Goods 1990 Quantities 1990 Prices 2012 Quantities 2012 Prices papayas 10 $1.00 20 $0.50 fish 15 $0.60 20 $0.80 skirts 8 $4.00 15 $4.00 Refer to Exhibit 7-2. Assuming that 1990 is the base year, Real GDP in 2012 is Question 10 options: $49. $51. $86. $92. not possible to calculate without the CPI.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.