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Labor force participation rate

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Reference no: EM133134404

Given: Full employment rate = 90%

Labor force participation rate = 80%

Inflation rate 2000(b=1998) = 12.50%

# of underemployed and unemployed = 10 million

Nominal wage (2000) = P 220 per day

PCRGDP 2000 (b=1998) = P 16,000

Compute: 1. Labor Force

2. NGDP 2000

2. Real wage per day 2000 (b= 1998)

Reference no: EM133134404

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