Population 140,000,000

GDP in 2013: $360 billion

Population 16+ 120,000,000
Price index (base year 2000): 120
Employed: 90,000,000
Unemployed: 10,000,000

Given the above data:

1. What is the unemployment rate?

10,000,000
* 100
10,000,000+90,000,000
= 10%

2. What is the labor force participation rate?

10,000,000+90,000,000
120,000,000

* 100

= 83.33%

3. What is real GDP in terms of year 2000 prices?

20%