Suppose the unemployment rate in the United States is 10% and the structural unemployment rate is 3% and the frictional unemployment rate 5%. The actual Real GDP level is $12 billion and the Natural Real GDP is $20 billion. Please answer questions 3a through 3c below.

3a. Calculate the natural unemployment rate and the cyclical unemployment rate for the United States. Also, please calculate the recessionary gap or the inflationary gap using the actual Real GDP level and the Natural Real GDP figures above. Please show all of your calculations and work.

3b. Based on the information above and from the calculation from 8a, is the United States in a recessionary gap or an inflationary gap? Explain why the United States is in an inflationary or a recessionary gap.

3c. As an economist, what economic policies can you suggest to President Obama to help combat the inflationary gap or the recessionary gap in the United States? Explain why the policies might help to combat the inflationary or recessionary gap in the U.S. economy.

According to the “Bottled Water Trends for 2014” report (bit.ly/1gx5ub8), the U.S. per capita consumption of bottled water in 2013 was 31.8 gallons. Assume that the per capita consumption of bottled water in the United States is approximately normally distributed with a mean of 31.8 gallons and a standard deviation of 10 gallons.

PLEASE USE NORMDIST AND NORMINV IN EXCEL

a. What is the probability that someone in the United States con- sumed more than 32 gallons of bottled water in 2013?

b. What is the probability that someone in the United States consumed between 10 and 20 gallons of bottled water in 2013?

c. What is the probability that someone in the United States consumed less than 10 gallons of bottled water in 2013?

d. Ninety-nine percent of the people in the United States consumed less than how many gallons of bottled water?

e) The amount of water consumed by 92% of US population will be between what two values symmetrically distributed around the mean?

Briefly summarize the history of the United States mental health care system. What are some of the issues surrounding mental health and mental health care in the United States today? How are we addressing those issues?

After two failed attempts at creating a central bank for the United States (First and Second Bank of the United States), in what ways did the political tide change in favor of creating the third attempt (The Federal Reserve)?

As U.S. trade with low-wage countries like Mexico increases, will wages in the United States be pushed down? Why or why not? Are low-wage workers in the United States hurt when there is more trade with Mexico? Discuss.

Referring to Chapter 12 in A People's History of the United States, How do you feel about Zinn's presentation of the United States as a racist nation and a bully? Were we an empire? Are we an empire? Give examples.

Compare the cultural differences between the United States and the Netherlands based on the research literature. Which methods of sex education are empirically supported? Do you think that these methods would work in the United States? Why or why not?