Q3. In the far off kingdom of Viracien there is a healthy sized population of citizens over 16 years old. The last census indicated a total adult population of 5 million people. This year a recession hit and 237 thousand people were let go from their jobs and are on the hunt to find new work. Because of the recession many took early retirement and there is now a population of 1.3 million who are not working or looking for various reasons. Because of the unrest, the military of Viracein has increased its ranks and is now grown to a total of 50 thousand citizens serving the country. If Viracein uses the same calculation to find the unemployment rate, what is the country's unemployment rate?

a.6.4%

b.6.5%

c.4.7%

Q4. The prices of which of the following items are included in the GDP deflator?

a.Consumption

b.Consumption, Investment, Government Expenditures plus Exports minus Imports

c.Consumption plus Investment but not Exports