Question

ECON 2301 Unit 2 Assignment Name:
Inflation & Unemployment

1. Define inflation:

2. Go to http://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG to find the current inflation rate in these countries. Get stats that are as current as possible.
a) Zimbabwe

c) France e) China
b) USA

d) Brazil d) UK

3. Define unemployment:

5. Go to http://data.bls.gov/cgi-bin/surveymost?ln to answer the following unemployment questions.
a) What is the most recent month?

c) What is the total civilian labor force? e) How many of the unemployed have been unemployed 27 weeks or longer?

b) What is the overall unemployment rate in the most recent month?

d) What is the total number of people unemployed? f) What percent is this of the total number of unemployed people?

g) What is the current unemployment rate for males age 20 and over?

i) What is the current unemployment rate for whites overall? k) What is the current unemployment rate for Hispanics/Latinos overall?

h) What is the current unemployment rate for females age 20 and over?

j) What is the current unemployment rate for black/African American overall? f) What is the current unemployment rate for people age 16 to 19?