Please I need help with Economics questions.

1. Scenario: Market Basket Suppose a market basket consists of the following goods: 50 pens, 25 notepads, and 25 paperclips. Also assume the price per unit of these goods is as follows for the years noted and 2010 is the base year.

	Price in 2010	Price in 2011
Pens	$0.25	$0.30
Notepads	0.30	0.25
Paperclips	0.10	0.15

Reference: Ref 11-14

1. (Scenario: Market Basket) What is the rate of inflation between 2010 and 2011?

	A.	0%
	B.	-10%
	C.	32%
	D.	11%

2. Scenario: Market Basket Suppose a market basket consists of the following goods: 50 pens, 25 notepads, and 25 paperclips. Also assume the price per unit of these goods is as follows for the years noted and 2010 is the base year.

	Price in 2010	Price in 2011
Pens	$0.25	$0.30
Notepads	0.30	0.25
Paperclips	0.10	0.15

Reference: Ref 11-14

1. (Scenario: Market Basket) What is the value of the price index in 2011?

	A.	100
	B.	111
	C.	132
	D.	90

3. If a country has a working-age population of 200 million, 135 million people with jobs, and 10 million people unemployed and seeking employment, then its unemployment rate is:

	A.	6.9%.
	B.	9.8%.
	C.	10%.
	D.	4%.

4. If the inflation rate is 4 percent and the real interest rate is 5 percent, then the nominal interest rate should be

	A.	5%
	B.	1%
	C.	1.25%
	D.	9%
	E.	0.8%