Items

1

2

Pensioners

0.5 billion

0.4 billion

Employed workers (full time)

6.5 billion

6.7 billion

Full-time students

0.4 billion

0.3 billion

Full-time homemakers

0.1 billion

0.2 billion

Real GDP

RM13,550 million

RM14,940 million

People who are institutionalized

0.2 billion

0.1 billion

Employed workers (part time)

1 billion

1.5 billion

Consumer Price Index

103.5

114

Jobless workers who gave up searching for jobs

0.1 billion

0.2 billion

People younger than legal working age

0.7 billion

0.6 billion

Total population

10 billion

10.2 billion

Note:

Write the formula.

All answers should be in two decimals.

a) Find the unemployment rate of year 1 and year 2.

b) Find the inflation rate of year 2.

c) Find the economic growth rate of year 2.

d) Which economic problem existed in year 2?

e) Which fiscal policy should be implemented to combat the problem?

f) How should the central bank change money supply to reduce the problem?