TCO F)(a.)(20 points) Suppose nominal GDP in 1999 was $200billion and in 2001 it

TCO F)(a.)(20 points) Suppose nominal GDP in 1999 was $200billion and in 2001 it was $270 billion.The general priceindex in 1999 was 100 and in 2001 it was 150. Between 1999 and2001 the real 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 ofresidents is 270 million the number of residents under the age of16 is 38 million the number of institutionalized adults is 15million the number of adults who are not looking for work is 17million and the number of unemployed is 10 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?