Country Y, a country that makes cars and computers, is in a recession. (a) The figures below (shown in millions) outlines the country's spending on final goods and services by consumers, businesses, government, and international trade. Consumption $600 Investment $300 Government $500 Exports $30 Imports $100 (i) Calculate the nominal gross domestic product of country Y. (ii) If Country Y had a closed economy would GDP be higher, lower, or remain the same? Explain (B) The Table below shows the number of cars and computers produced in 2018 (which is the based year) and 2019.

2018 Quantity 2018 Price 2019 Quantity 2019 Price Cars 10 70 12 80 Computers 6 50 9 60

Calculate each of the following: (i) The nominal GDP in 2018 (ii) The real GDP in 2019 (C) The following figures are labor statistics for Country Y Population 100,000 Unemployed 18,000 Employed 72,000 Imports 10,000 (i) Calculate the rate of unemployment. (ii) With the given recession, explain what type of unemployment Country Y is experiencing and why.