please answer every question briefly

Transaction Time frame Cost Parts sold to washing machine producer Fall 2018 $500 in parts Factor labor leads to washing machine Winter 2018 $425 in labor Home Depot buys washing machine Spring 2019 $1,000 for the car Home Depot sells washing machine to customer Summer 2019 $1,250 for the car 1. Using the information in the table above, describe two different ways the transactions could contribute to GDP for both years. Which way is used in practice? Be sure to provide a thorough explanation, including all calculations and define any words used in the explanation. 2. Use the following information to answer parts a and b. Be sure to provide a thorough explanation, including a definition of any terms used. Country Alpha has an unemployment rate of 6.1% while Country Beta has an unemployment rate of 7.3%. a. If both countries are experiencing normal economic times what is the reason(s) for the difference in the unemployment rates? b. Both countries are not experiencing normal economic times. Each country has a natural rate of unemployment of 5%. What is the reason(s) for the high rates of unemployment? 3. The country of Brookhaven has an overall population of 5000. The population includes 500 people who are under the age of 16, 100 who are institutionalized, and 200 in jail and 300 in the military. Five hundred people are retired and do not work, while 600 are full time students. The total number of people who are working full time and part time is 2500. Out of the remaining population half of them have been looking for work within the last four weeks. 1. What is the unemployment rate? Explain 2. The United States signs a new trade agreement with Canada that leads to 300 individuals losing their jobs. What type of unemployment? Has the rate of unemployment changed? If so, what is the new rate? Explain. 3. What is required for the 300 individuals to become employed? Explain. 4. Thoroughly explain the thinking behind Milton Friedman's famous declaration that "inflation is always and everywhere a monetary phenomenon."