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Question 25 1 pts Answer the question on the basis of the following information about the hypothetical economy of Happy Land Working Adult population Unemplo

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Question 25 1 pts Answer the question on the basis of the following information about the hypothetical economy of Happy Land Working Adult population Unemplo ed Employed Natuwa rate of mermployment 15 mai 7 melon 112 melon 4 40% Refer to table above. Estimate the cyclical unemployment in percentage). Question 24 1 pts The following data show the quantity of items produced in an economy during Year 0 (Qo) and during Year 1 (Q1). Po and P1 denote the price per unit during Year O and Year 1. Hem Shits Shoes Coats Q 30 20 10 . 10 15 20 9 P1 40 12 20 10 20 25 Refer to table above. Estimate the GDP deflator for Year 1. Use Year 0 as base year. Question 15 1 pts In the table below are statistics showing the working age population, the labor force and total employment in year 1 and year 2. Make the computations necessary to complete the table. (Number of persons is in thousands): Working -ge population (Adult Population) Labor force Employed Unenployed Unenpkynent rute ako nown as Carl non indicional population Year1 209,699 140,862 135,208 Year 2 211,864 141,815 135,973 Refer to Table above. Estimate the unemployment rate during Year 2. (note. Answer in percentage)

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