(Answered) Mark salary in current dollars

Economics

Question 1: Suppose you live in a community of 200 people where everyone is able and seeks to work. If 140 people are 16 years and older and 120 of them are employed, what is the unemployment rate in this community?

Question 2: If in 1940, Mark made $60,000 a year, the average consumer price index (CPI) was 20, and in 2016 the CPI is 270, what will be Mark's salary in current dollars?

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Macroeconomics, Economics

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