1 Suppose people in the adult population in a small country are classified based on their age. In the proper arder, which age group has the highest unemployment rate and which has the highest participation rate? a. under 55 , under 55 b. under 55,55 and older c. 55 and older, under 55 d. 55 and older, 55 and older 8. Consider the simple economy that produces only three products. Use the information in the following table to calculate the (annual rate of) inflation for 2016 as measured by the consumer price index (CPI). The consumer price index (CPI) in 2016 is: a) 109.95 b) 100.00 c) 10398 d) 112.45