1. Total output in the county of Zegelele can be modeled by the following equation: Y = 750L^0.6K^0.4. At time T = 0, total labor in Zegelele was equal to 15, and total capital was equal to 50. By time T = 1, total labor has increased to 30, and total capital has increased to 60. What was the rate of output growth in Zegelele during that year?

2.The local economy of LA has expected annual inflation of 53%. The actual rate of unemployment is 1%, and the natural rate of unemployment is 10%. The speed of wage adjustment to the employment gap is 0.42. Use the equation for the Expectations Augmented Phillips Curve to find the actual annual inflation in LA.

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