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(Use only the first two columns for this).In July 1, 2020 suppose the average price of goods and services is $5.   Suppose in 2025, it’s $7.50.  Which is correct about purchasing power?   (Hint: Think about our in-class study of the minimum wage over time)

Unemployment is best defined as :

Using the data shown, the labor force participation rate is closest to ….

GDP is most simply defined as the market value of a country’s …

The saver/lenders in the economy are the …

Suppose the basket is 5 shirts and 7 pants. Prices are …last year (the base year): $14.99 for shirts, $17.99 for pantsthis year: $15.49 for shirts, $18.25 for pants.What’s the value of the CPI this year?

Suppose you see the following GDP growth rates: Q1  3% Q2   5% Q3  -4% Q4  – 2% When did the recession occur?

Lending money to a friend is …    (hint:  ‘direct’ means no intermediary)

Which type of unemployment did we say is never “natural” for an economy?

Given the following rate law, how does the rate of reaction change if the concentration of Y is doubled while [X] remains the same?                                                                       Rate = k [X]2[Y]3