1. On January 1, 2019 Jen Construction Company owned three trucks valued at $175,000 and construction machinery and equipment valued at $560,000. During 2019, Jen Construction bought one forklift truck and a dump truck for a total of $210,000. On December 31, 2019, the market value of all the Company's trucks, machinery and equipment was $845,000.(2 marks each)

a)What was Jen Construction's gross investment in 2019?

b)What was Jen Construction's net investment in 2019?

c)By what amount did Jen Construction's capital depreciate in 2019?

2. Assume the following information for the imaginary country of Lafonia:

Total population: 25.0 million

Total population 15 years and over: 20.7 million

Those 15 years and over that are not in the labour force: 3.2 million

Workers with par-time jobs: 1.75 million

Workers with full-time jobs: 10.3 million

Unemployed members of the labour force: 0.7 million

a)How many people are in Lafonia's labour force?

b)What is Lafonia's unemployment rate?

c)What is Lafonia's labour force participation rate?