HI TUTOR PLEASE HELP TO SOLVE THIS QUESTIONS.
UNEMPLOYMENT AND INFLATION Question 1 The hypothetical data given below was collected in a small economy, Pacific Bottom for year 2019: Labour force 450 million Total population 500 million Employed persons 340 million Based on the data: a) what is the number of unemployed persons in 2019? Show your calculation b) what is the number of persons who are not in the labour force? Show your calculation. c) what is the unemployment rate in 2019? Show your formula and calculation.Question 2 Indicate whether each of the following individual would be considered frictional, structural, seasonal, or cyclical unemployed and explain your answer (why?): a) Kevin is a certified ski instructor. He is specialized in all levels of Alpine skiing and mountain skiing adventures. He only works during winter. b) Lim has recently quit his job as a production supervisor in Hyundai and now waiting to secure a job with BMW. c) Haseem works as a teller in a bank in Petaling Jaya, Selangor. The bank where he works installs a network of Automatic Teller Machine (ATM). When the installation of ATM completed, he finds himself gets layoff. d) During an economic recession there is a rising level of unemployment because of plant closures and worker lay-offs. e) UK motor vehicle production has declined due to stiff competition from car manufactures from the Far East.Question 3 For each of the events listed below, state the cause of inflation: demand-pull inflation or cost-push inflation and why: In a fast-growing economy like China's, more steel is required by the construction companies to build new roads or houses than the economy is able to meet given its present capacity. iij Government raised taxes levied on alcohol and cigarettes producers. iii) More people are buying Apple products, including the iPod, iPad and iPhone because the consumer feels Apple understands their needs, including emotional ones. iv) Migration of university graduates to developed countries has cause wages rate in India to surge high due to lack of workers in the countries. v) After Hurricane Katrina struck oil refineries were destroyed, causing gas prices to skyrocket