1.e Respond to the following: (1) What is the unemployment rate for both of these micronations? You can define someone as being in the labor force if they are working or have looked for work in the past six months. 1.f The price of swordfish that Microlandia produces increased by 10 percent from 2018 to 2019 and the price of seaweed increased by 30 percent from 2018 to 2019. The price of Skatonistan's rocks increased 2 percent and the price of Skatonistan's ships increased by 10 percent from 2018 to 2019. Respond to the following: (1) Calculate the GDP deflator for both micronations using 2018 as the base year. (2) Use this to calculate the real GDP in 2019 for both micronations. Looked for Work in the Last 6 Months (1 = Yes, o = No) 0 Table 1: Ordered Income in 2019 for Microlandia and Skatonistan Federated States of Microlandia Republic of Skatonistan Looked for Income Income Work in from from Employed Income Income from Employed Individual Last 6 Swordfish (1 = Yes, 0 from Rock Seaweed Ship (1 = Yes, o Months = No) Construction Fishing Farming Mining (1 = Yes, 0 = No) - No) Richest 1,000,000 1,000,000 1 0 3,000,000 400,000 1 2nd Richest 900,000 900,000 1 0 1,000,000 2,200,000 1 3rd Richest 1,000,000 700,000 1 0 25,000 50,000 1 4th Richest 250,000 1,000,000 1 0 20,000 52,000 1 5th Richest 500,000 500,000 1 0 20,000 50,000 1 6th Richest 200,000 700,000 1 0 20,000 50,000 1 7th Richest 100,000 700,000 1 0 30,000 30,000 1 gth Richest 700,000 500 1 0 25,000 25,000 1 9th Richest 500,000 0 1 0 0 0 Poorest 0 0 1 0 0 Note: All figures are in 2019 USD. roo BACKGROUND: You are analyzing wealth distributions and poverty rates of two tiny micronations unrecognized by the international community: (1) The Federated States of Microlandia, and (2) The Republic of Skatonistan. Both are so small that they only contain ten citizens each and they only derive incomes from producing two goods. Microlandia produces seaweed and swordfish for export, and Skatonistan produces only rocks and ships for export. All citizens of both countries reside and work within the territories of their respective micronations. Table 1 provides the incomes for each citizen in the two countries from official census records from the fnost recent year for which data are available (2019), as well as information on whether Micronations are a real thing. See the following to learn more: https://en.wikipedia.org/wiki/Micronation 1 each individual was employed and whether they looked for work in the last six months. The table is ordered from the individual with the largest income in each micronation to the individual with the smallest income