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Question: 1if the labor force of 160 million people is growing...

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1.If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have to be created each month to keep unemployment from increasing?

2.

Suppose youll have an annual nominal income of $30,000 for each of the next three years, and the inflation rate is 5 percent per year Hint:Present value Future value/(1+Growth in prices) e.g.. The present value of next years income Next years income/(1+Growth in prices) Instructions: Enter your responses rounded to a whole dollar. a. Find the real value of your $30,000 salary for each of the next three years Year 1: $ Year 2:$ Year 3:$ b. If you have a COLA in your contract, what is the real value of your salary for each year? Year 1 $ Year 2: $ Year 3:$

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