An economy has 450 structurally unemployed, 250 frictionally unemployed, 200 cyclically unemployed, 7500 employed and 600 discouraged workers. Calculate the official unemployment rate. (2 marks) O a. 16.66% O b. 10.71% O C 17.85% O d. 12%Gross domestic product is calculated by adding together O a. the number of goods and services produced in the economy. b. the money value of final goods and services. " the number of workers employed in national production. O d. all commodities but not services produced in the economy.A new technical innovation would increase O a. labour hours worked. O P. the labour force. O C. labour productivity. O d. population growth.Which of the following would be counted as investment in the national income accounts? O a. The purchase of a newly built house. O b. The payment of tuition at a private college. 6 The purchase of a newly issued corporate bond. O d. The purchase of a newly minted coin.C=1000+0.8Yd 1=1300 G=2000 X= 600 M =100 T=1000 Where: G is government expenditure, X is exports, M is imports, I is the level of planned investment, T are lump-sum taxes on income, C is household consumption and Yd is disposable income. What is the value of the equilibrium level of national income? (3 marks) O a. $16,000 O b. $24,000 O c. $4,000 O d. $20,000C=1000+0.8Yd 1=1300 G=2000 X= 600 M = 100 T=1000 Where: G is government expenditure, X is exports, M is imports, I is the level of planned investment, Tare lump-sum taxes on income, C is household consumption and Yd is disposable income. What is the marginal propensity to consumer (MPC)? (2 marks) O a. 0.8 O b. 1 O c. 0.2 O d. 0.1C=1000+0.8Yd 1=1300 G=2000 X= 600 M =100 T=1000 Where: G is government expenditure, X is exports, M is imports, I is the level of planned investment, T are lump-sum taxes on income, C is household consumption and Yd is disposable income. What is the value of the multiplier? (3 marks) O a. 0.2 O b. 1.25 Oc. 5 O d. 0.8C=1000+0.8Yd 1=1300 G=2000 X= 600 M =100 T=1000 Where: G is government expenditure, X is exports, M is imports, I is the level of planned investment, T are lump-sum taxes on income, C is household consumption and Yd is disposable income. What is the value of autonomous spending? (2 marks) O a. $400 O b. $600 O c. $1000 O d. $800