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Question: suppose the following data describe a nations population...

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Suppose the following data describe a nation’s population
gap siven the Or found in part (o) and -6 understanding of market economies und tdhe uctois teys ned topleasc discuss factors that may cause inlarion or unenaoymcn t6gy Wagal Assuming that the inflation rate from 2015 a $50,000 income in each of the (6 pts) 4. ree years? (Show all workt) What doses t through 2017 is 6%per year, what would be the real value of s. Why are prices important in a market economy? Explain.(l p) 6. Suppose the following data describe a nations population Population Labor Force Year 1 310 million 150 million Year 2 315 million 160 million Unemployment rate 8 percen 7 pertan a. How many people are unemployed in each year? (pt) If in Year 1 the full-employment level of output was $3,00 billion and thc fll-employont rate of unemployment was 5 Okuns Law? (4 pts) hHow many people are employed in each year? (5 pts) b. .5%, how much potential GDP was lost in Year l based C. (6 different types of unemployment mentioned ida d. List and briefly discuss the 0012 what was the inflation rate between 2012 and
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