1. To find current data for ination and unemployment, please visit the Bureau of Labor Statistics web page at www.bls.gov. On the right side of the home page is a column with "Latest Numbers". a. Click on the chart icon next to "Unemployment Rate". What is the current rate of unemployment? How has the unemployment rate changed since 2007? b. Going back to the home page, click on the chart icon next to "Consumer Price Index". What is the current rate of ination as measured by the CPI? What have been the trends in ination since 2007? C. Going back to the home page, click on "Subjects" and the "Consumer Price Index". Then click on \"CPI Overview" and answer the following questions: i. What are the major groups (categories) of consumer expenditures that are included in the CPI? ii. What prices are included in the CPI? Hi. What are three ways in which the CPI is used? 2. Suppose that the economy of Laborville consists of the following individuals: Zachary is employed part time as a bookkeeper. Yvette sells marijuana but doesn't have any other job. Xavier just joined the Navy. Wanda is employed as a jazz musician. Victor is a college student with no outside employment. Ursula is a college student who works parttime in the dining hall. Thad just lost his job as a nancial analyst and is actively seeking work in his eld. Samantha was laid off as a telephone operator and she has given up looking for work. Robert just graduated from college and he is looking for his rst real job. Quincy is a retired police ofcer. Patricia is oneyear old and busy learning how to walk. Oscar works full-time as a truck driver. Nancy is employed as a cosmetician. Matthew works one hour per week as a bouncer. a. What is the size of the population of Laborville? b. What is the size of the labor force in Laborville? c. How many people are unemployed in Laborville? d. What is the unemployment rate in Laborville? e. If Thad dies, how does the unemployment rate change