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5. The following questions ask you to assess the impact of a deadly pandemic on the unemployment rate and output in an economy. Assume that

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5. The following questions ask you to assess the impact of a deadly pandemic on the unemployment rate and output in an economy. Assume that everyone who is aected is of working age and that the production function is given as Y = N 1. where N is the number of workers. For each case assume that nothing else changes. Show your work. [a] {5 points} Suppose people who are employed die from the pandemic. {h} {5 points} Suppose people who are unemployed die from the pandemic. {c} {5 points} The same number of people from the group of unemployed and employed decide to retire due to the less secure work environment

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