3 polnts eBook D References Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 26 pounds of pasta, 67 packages of yogurt, and 16 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Pasta (dollars per Yogurt (dollars per Lemonade (dollars per LT pound) package) bottle) $1.94 $1.02 $2.16 [ pprit [ 230 [ 00 ees 0] 000 a0 ] Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $ In February, the total monthly cost was $ and [ (Click to select) wv|. In March, the total monthly cost was $ and | (Click to select) . In April, the total monthly cost was and | (Click to select) V. b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend during the month of April compared to January? $ Assume you have the following information about an economy: Labor Force of an Economy 2 Number of People (millions) points Population over age 16 266.3 165.8 Not_in the labor force a 154.8 - eBook D References a. What is the unemployment rate in this economy? Instructions: Round your answers to two decimal places. % b. What is the labor force participation rate? % c. Assume that 1.4 million discouraged workers decide to start looking for work again, thereby increasing the number of officially unemployed workers by 1.4 million. What is the unemployment rate now? % d. What is the new labor force participation rate? % 5 The table below lists the prices from last year and the base year for a college-related basket of goods. Assume that the typical basket of goods for a college student consists of 200 gallons of gas, 60 pizzas, 45 6-packs, and 3 textbooks. 2 Basket of College-Related Goods points Price Base Year Price Last Year Basket of Goods (dollars) LI [T - SBook Textbook (per book 10a.88 233.88 0 References Instructions: Round your answers to two decimal places. a. Using the values above, what is the rate of inflation between the base year and last year? % b. Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $100 per textbook. What is the rate of inflation between the base year and last year now? %