8

. In 2013, you purchased 100 shares of stock for $1,000 each

. In 2014, you sold them for $1,100 each and paid a 15 percent tax on your capital gain

. The stock in question did not pay any dividends in 2013-2014

.(a) How much did you make after you paid the tax?

(b) How much did you make after you paid the tax in constant 2014 dollars if CPI was 220 in 2013 and 224

.4 in 2014?

(c) Recalculate (a) and (b) if in 2014 you sold the shares for $1,120 each and the CPI was 220 in 2013 and 228

.8 in 2014

.9

. Assume the labor force is 100 million people

. It takes 2 months for an unemployed person to Önd a job

. A job lasts for two years

.(a) Assume that the unemployment rate is 5% this month

. How much would it be next month?

(b) Do you expect the unemployment rate to converge to some value in the long run? If yes, calculate this value

.