Please answer the questions below.

Q1.In the table below are statistics showing the labour force and total employment during year 1 and year 5. Make the computations necessary to complete the table.

	Year 1	Year 5
Labour force	9,545,000	10,825,000
Employed	9,032,500	10,083,000
Unemployed	_____	_____
Unemployment rate	_____	_____

Q.2 The table below shows the price index in the economy at the end of four different years.

Year	Price index	Rate of inflation	Years to double
1	100	_____	_____
2	108	_____	_____
3	120	_____	_____
4	132	_____	_____

(a) What is the rate of inflation in years 2, 3, and 4? (b) Using the "rule of 70," determine how many years would it take for the prices to double at each of these three inflation rates?

Q.3 Answer the below questions based on the following data using year 1 as the base year. All dollars are in billions.

Year	Nominal income	Price Index
1	$3,166	100
2	$3,402	104
3	$3,774	108
4	$3,989	112

(a) Find real income in year 4. (b) What was the percentage rise in prices between years 1 and 3? (c) What was the percentage rise in prices between years 2 and 4?