Question 1 a) Suppose an economy consists of only two types of products: laptops and automobiles. Sales and price data for these two products for three different years are shown below: 2015 2021 2022 Products Quantity Price Quantity Price Quantity Price sold (RM) sold (RM) sold (RM) Laptop 20,000 2,000 50,000 3,000 39,000 3,500 Automobiles 20,000 40,000 28,000 60,000 30,000 80,000 Based on the information given, calculate and show your workings. i. Nominal Gross Domestic Product in 2015, 2021, and 2022. (6 Marks) ii. Real Gross Domestic Product in 2021 and 2022 using 2015 as the base year. (4 Marks) ili. Based on your answers to questions (i) and (ii), which one of them accurately measure the growth of GDP and why? (2 Marks) iv. 1000 units of laptops produced in 2021 and sold in 2022. Is this counted in GDP 2022? Explain your answer. (2 Marks) b) Indicate whether each of the following individuals would be considered outside labour force, frictional, structural, seasonal, or cyclical unemployed and explain your answer: i. David gives up on his job and wants to pursue a Doctor of Philosophy (PhD) as a full- time student. (2 Marks) ii. John normally works as a Christmas casual in the retail industry during the winter season. After the winter season ended, he was unemployed and looking for a new job in other seasons. (2 Marks) ili. Ahmad must find a new job after the company does downsizing due to a decline in demand for the company's products or services (2 Marks) [Total: 20 Marks]