Macroeconomic Information for the Economy of Anchovy Is Given Below

question 42

Essay

Macroeconomic information for the economy of Anchovy is given below:
$$\begin{array} { | l r r } \hline & 2000 & 2001 \\\hline \text { Output (pizzas) } & 800 \mathrm { C } & 9000 \\\hline \text { Employment (workers) } & 70 \mathrm { C } & 800 \\\hline \text { Unemployed (workers) } & 70 & 100 \\\hline \text { Labour force (workers) } & 77 \mathrm { C } & 900 \\\hline \text { Price per pizza } & \$ 8.0 \mathrm { C } & \$ 9.00 \\\hline\end{array}$$
a.What was the growth rate of average labour productivity in Anchovy between 2000 and 2001?
b.What was the inflation rate in Anchovy between 2000 and 2001?
c.What was the unemployment rate in 2000? In 2001?

---

Definitions:

Federal Law

The body of law created by the federal government of a country, which applies to all entities and people within its jurisdiction.

Employer Monitoring

The practice by employers of overseeing and tracking employees' actions and performance during work hours.

Telephone Calls

The act of using a telephone to communicate through voice or digital signals over a distance.

Employee Retirement Income Security Act

A federal law that sets minimum standards for pension plans in private industry to protect individuals in these plans.