Macroeconomics

3. Table 3 shows information of prices and weights of goods in Country Miri for the year 2017 and 2018. Table 3: Prices and Weights of Goods in Country Miri, for 2018 and 2019 Price in 2018 Price in 2019 Goods Weights (RM) (RM) A 10 12 B 8 12 14 C 6 13 14 D 8 9 A) Based on Table 3, calculate the followings: i. weighted price index for year 2019 where 2018 is the base year. i. inflation rate. iii. the change in the value of money between 2018 and 2019. B) Why are different weights assigned for different goods or services? C) Table 4 shows labour market indicators for Country Ceria for the year 2018, 2019 and 2020 (all figures are in thousands) Table 4: Labour Market Indicators for Country Ceria, 2018, 2019 and 2020. Year Items 2018 2019 2020 Total population 17,400 17,800 18,200 Labour force 6,834.1 7,046.5 7,527.9 Total employment 6,350.8 6,621 6,848.9 i. Calculate the unemployment rate for 2018, 2019 and 2020. ii. Which year has the highest unemployment rate