Homework 5

Follow APA style, avoid plagiarism. Use references.

Answer the following questions:

• 1-How is the labor force defined in the US?
  • 2-How is unemployment calculated in the US?
  • 3-Define the four types of unemployment in the US and provide at least one example for each type.
  • 4-What is inflation?
  • 5-What is the CPI?
  • 6-How is the CPI calculated?
  • 7-Visit the web page of the “Bureau of Economic Analysis” http://data.bea.gov, and obtain the CPI for the last five years.