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Respond to the following in a minimum of 175 words: Describe the formula(s) used to determine the unemployment rate. Describe how inflation is measured using the Consumer Price Index (CPI). **** This...

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Respond to the following in a minimum of 175 words:

  • Describe the formula(s) used to determine the unemployment rate.
  • Describe how inflation is measured using the Consumer Price Index (CPI).

**** This is just a weekly discussion question. This can be a simple assignment. sources are not needed unless it would help to complete the assignment.
Answered Same Day Dec 03, 2021

Solution

Abhishek answered on Dec 04 2021
145 Votes
Running Head: MACROECONOMICS        1
MACROECONOMICS        4
MACROECONOMICS
Table of Contents
Formula to Determine Unemployment Rate    3
Inflation Measurement Using Customer's Price Index (CPI)    3
References    4
Formula to Determine Unemployment Rate
The unemployment rate is defined as the amount of labor force, which is jobless. This unemployment rate is managed with the increasing and the decreasing of the economic conditions. In the United States, the statistics of the Bureau of Labor releases monthly employment reports. This rate of unemployment is measured with help of a formula in various countries (Rouksar-Dussoyea, Ming-Kang, Rajeswari & Yin-Fah, 2017).
It is...
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