1. Answer to the following questions: (a) CPI index value in 2020 is 112. If base year is 2017. Interpret the number? (2 marks) (b) Interpret: Labour-force participation rate is 62%. If working-age population is 120 million, calculate the number of people who are in labour force? (3 Marks) (c) Let's say, the steady-state unemployment rate is 6.4%. Find out the rate of job findings while job separation rate (s) is 2%. (5 Marks) 2. In fiscal year FY2021 (July 2020 to June 2021), the Uttara Motors has imported raw materials for assembling 10,000 Motor Bikes. On average, import value for raw materials per Motor Bikes was 50,000 Taka. Uttara Motors reported that assembling cost per Motor Bikes was 60,000 Taka. However, finally Uttara Motors managed to sell out 8,000 Motor Bikes to consumers each at 150,000 Taka within FY2021. Rest were recorded as inventory. Use Value added-approach to calculate the value of GDP? Also explain, which of these above transactions will be included in Bangladesh's GDP and why? (10 marks) 3. A business firm imported 100 cars each in the year 2020 and 2021 from the South Korea. The price per car increased by 12% in 2021 than 2020. Explain if you use CPI index to calculate price level increase, what will be the rate of inflation