The last part of the test will all be addressed together as…
The last part of the test will all be addressed together as one piece. Consider an economy with the following data. This economy measures performance in the same way that the United States Economy measures performance. Interpretation for these variables should be completed using the definitions we have discussed in this class. You are tasked with assisting the Federal Government and the Federal Reserve in designing policy to affect this economy. Year Population CPI GDP 2020 47,649 1.00 $1,596,765,365 2021 53,899 1.10 $1,580,711,141 2022 54,016 1.28 $1,640,912,358 2023 55,185 1.37 $1,669,124,467 Year Employed Unemployed Institutionalized 2020 43,395 2,021 1,001 2021 43,971 2,931 1,190 2022 44,297 3,501 1,237 2023 45,648 2,911 1,270