Q1.

a. In 2022, the Happyland Republic Bureau of Statistics publication indicated that the Consumer Price Index (CPI) increased to 110.2 in 2021 from 105.5 in 2021.

Calculate the Happyland Republic's inflation rate in 2022.

b). The Happyland Population Secretariat published the following information in 2022:

• Total population: 30 million
• Labor force: 85% of the total population
• Employed population: 23.5 million people

Use the information provided to answer the following questions:

(i)Calculate the population that is excluded from the labour force in Woodland Republic in 2021 and indicate at least 4 sectors that are excluded from labour force.

(ii) Calculate the Happyland Republic's unemployment rate in 2022.