1. If the inflation rate unexpectedly rises from 2% to 5%, would each of the following individuals gain or lose as a result? a. Nigel, who borrowed $20,000 last year, repayable over three years, to buy a new boat would ( Click to select ) b. Lars, an elderly man living on a fixed company pension would | (Click to select) c. Yoko, who keeps her savings in a credit union that pays a fixed 4 percent on customers deposits would | (Click to select) d. Joan, an assembly-line worker whose employment is covered by a two-year union contract that calls for an annual wage increase of 5% would | (Click to select) e. Robert, who owns shares in the company where Joan works would (Click to select ) 2. Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses below rounded to one decimal place. 2018 2019 2020 Population (millions) 24.5 25.6 26.75 Working-age population 15 14.5 17.5 Labour force 6.8 9 Unemployed 0.6 0.7 0.75 CPI (2002 = 100) 102 105 107 a. What are the labour force participation rates in each year? b. What are the unemployment rates in each year? c. What are the annual inflation rates in the years 2019 and 2020? d. What was the percentage increase in population in the years 2019 and 2020? e. If the population continues to increase at this rate, how long will it take for the population to double? (Use rule of 70's)