1. Jonathan took a business loan from Chase Bank in 2016. The loan amount was $150,000 and had an interest rate of 6.75%. In 2017, the cost to buy goods and services went up by 1.25%. Please calculate the real interest rate to Chase bank.
2. Define natural rate of unemployment
3. In 2018, Bangladesh had a GDP loss/gap of 6.25% due to an unemployment rate of 9.5%. What is the natural unemployment rate in Bangladesh?
4. Identify three different groups that are not employed but willing to do jobs yet they are not classified as unemployed.