1. From a macroeconomic point of view, should companies pay high wages or low wages to workers to increase economic growth? Analyze the effect of the level of wages on the level of economic activity (hint remember the circular flow model of income).

2. In the economy of a country there are 80 million people divided into the following age groups: 20 million in the age group 0-15 years 30 million in the age group 16-45 years 20 million in the age group of 46-60 years 10 million in the age group over 60 years

a. What is the theoretical census of the labor force in this economy? Explain how you came up with the answer. B. If you know that there are 5 million people who are able to work, there are 5 million who do not want to get a job. What is the actual contribution rate in the labor force? C. If you know that the unemployment rate is 10% of the actual labor force, how many are unemployed? D. Analyze the importance of studying unemployment in macroeconomics.