Please see attached.

1. (5p) An aviation training course requires 10 instructors and 5 ight simulators. The annual wages instructor are listed below, alon with the annual maintenance fees . er i ht simulator. Below, compute the aviation training costs for each year, and a training cost index, usinthhe 2020 wages and fees, as base-year. Based on your index values, what is the ination rate between 2019 and 2020? Show your work. Total COSTS 2019: Total costs 2019 = Total costs 2020: Index in 2018 = Index in 2019 = Index in 2020 = Ination 2019-2020 = 2. (5p) The following are known for a given labor market: the adult population is 20 million people, among them, 15 million are currently employed, 1 million are not employed but are currently looking for employment, and 0.5 million are not employed not currently looking for employment. a. Calculate the size of following measures of labor supply: [Employed= Unemployed = Unemployment Rate: Discourage workers: Labor Force: Labor Force Participation Rate: b. When the labor market improves and opportunities to obtain employment increase, typically some of the so-called discouraged workers re-enter the labor market and start searching for employment. This generates an _ increase] decrease _ the number of unemployed. Briey explain your reasoning