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How can I answer each of the following questions please? 1. Suppose an economy is composed of 10 individuals. The following table shows their annual

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How can I answer each of the following questions please?

1.

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Suppose an economy is composed of 10 individuals. The following table shows their annual income in thousands of dollars. Individual Income Individual 1 84 Individual 2 90 Individual 3 23 Individual 4 85 Individual 5 100 Individual 6 11 Individual 7 30 Individual 8 63 Individual 9 89 Individual 10 28 What is the average income in the fourth quintile? Express your answer in thousands of dollars rounded to the nearest first decimal.Suppose the Canadian economy has only two commercial banks: Bank A and Bank B. The following table shows their current balance sheets in dollars. The money supply in period 1 Bank A Bank B Assets Liabilities Assets Liabilities Deposits 1,081.78 1,494.42 Loans 790.78 1,092.42 Reserve 291 402 a. Suppose that individuals hold 218 dollars in cash. What is the money supply in the economy? Express your answer in dollars rounded to the nearest second decimal. b. Suppose that the banks cannot make additional loans because they would exceed their desire reserve ratio (both banks have he same reserve ratio). What is the reserve ratio? Express your answer in percentage rounded to the nearest first decimal.Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is 0. Then, suppose that in January 2011 and every month that follows, 52 workers become unemployed for 1 month, 45 become unemployed for 2 months, 37 become unemployed for 3 months and 9 become unemployed for 4 months. a. At the steady state, what is the unemployment rate? Express your answer in percentage rounded to the nearest first decimal. b. Using the information from the previous question, what is the average duration in months at the steady state? Round your answer to the nearest first decimal

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