# 6.(TCO F)(a.)(20 points) Suppose nominal GDP in 1999 was \$100 billionand in 2001

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6.(TCO F)(a.)(20 points) Suppose nominal GDP in 1999 was \$100 billionand in 2001 it was \$260 billion.The general price index in1999 was 100 and in 2001 it was 180. Between 1999 and 2001 thereal GDP rose by what percent?(b.) Use the following scenario to answer questions (b1) and(b2).In a given year in the United States the total number of residentsis 230 million the number of residents under the age of 16 is 38million the number of institutionalized adults is 15 million thenumber of adults who are not looking for work is 27 million andthe number of unemployed is 12 million.(b1.) (5 points) Refer to the data in the abovescenario. What is the size of the labor force in the United Statesfor the given year?(b2.) (5 points) Refer to the data in the abovescenario.What is the unemployment rate in the United Statesfor the given year?(Points :30)

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