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\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/eco-202-module-1-case-latest-trident/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nECO 202 Module 1 Case Latest-Trident\nECO202\nECO 202 Module 1 Case Latest-Trident\nModule 1 – Case\nPRODUCTION, UNEMPLOYMENT, AND INFLATION\nCase Assignment\nSubmit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations\n

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eco 202 module 1 case latest trident

ECO 202 MODULE 1 CASE LATEST-TRIDENT

Visit Below Link, To Download This Course:

https://www.tutorialsservice.net/product/eco-202-module-1-case-latest-trident/

Or

Email us on

SUPPORT@TUTORIALSSERVICE.NET

ECO 202 Module 1 Case Latest-Trident

ECO202

ECO 202 Module 1 Case Latest-Trident

Module 1 – Case

PRODUCTION, UNEMPLOYMENT, AND INFLATION

Case Assignment

Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the

paper to support your answers. Show work for all calculations

1. Suppose that in 2013, the economy produced 10 shirts at $20 each and 5 hamburgers at $5

each. In 2014, the economy produced 15 shirts at $21 each and 10 hamburgers at $6 each. What

is the value of real GDP produced in 2014 using 2013 as the base year? What would be the

growth in real GDP?

2. Why is there unemployment even when the economy is at “full employment”? What are some

“costs of unemployment”?

3. Use the table below:

Year

2008

2009

2010

2011

CPI

100.0

102.5

106.0

111.0

1. What is the inflation rate from 2010 to 2011?

2. Suppose that you have an income of $30,000 in 2008. How much would you need to be able to

have the same standard of living in 2009?

3. What are some of the problems with using the CPI as a measure of standard of living?

4 explain some limitations of using

4. Explain some limitations of using GDP as an indicator of standard of living (be sure to do some

research on your own).

Assignment Expectations

Use information from the modular background readings as well as any good-quality resource you can

find. Make sure you cite all resources you use and provide a reference list at the end of your paper.

Length: 4–5 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in

particular, be assessed:

1. The level of your understanding of the key concepts of the major macroeconomic indicators.

2. Some in-text references to modular background readings (APA formatting encouraged).

Upload your assignment to the Case 1 dropbox when completed.