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Macroeconomic Measurements, Part I: Prices and Unemployment CHAPTER 5 Macroeconomic Measurements, Part I: Prices and Unemployment

Exhibit 1 Computing the Consumer Price Index Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 2 CPI, 1913–2002 The CPI for 2002 is for May 2002. Source: The data were reported at the Web site for the U.S. Department of Labor, Bureau of Labor Statistics. Site address: http://stats.bls.gov/cpi/home.htm Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 3 Inflation Rates, 2000, Selected Countries Source: CIA World Factbook, 2001. Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 4 Breakdown of the U.S. Population and the Labor Force Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 5 Computation of the U.S. Unemployment Rate in April 2001 Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 6 Unemployment Rate, 2000, Selected Countries Source: CIA World Factbook, 2001. Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 7 The Wage Offer and Reservation Wage Curves Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 8 Optimal Search Time Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™

Exhibit 9 Optimal Search Time and the Unemployment Rate Arnold Economics, 6e / Ch. 5 Macroeconomics Measurements, Part I: Prices and Unemployment ©2004 South-Western, a division of Thomson Learning™