Question 4 (7 Marks) a. In 2021, the Woodland Republic Bureau of Statistics publication indicated that the Consumer Price Index (CPI) of the country increased to 109.2 in 2021 from 106.5 in 2020. Calculate Woodland Republic's inflation rate in 2021. (3 Marks) ANSWER a):b. The Woodland Republic's Population Secretariat published the following information in 2021: - Total population: 30 million Labor force: 80% of the total population Employed population: 21.5 million 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 four sectors that are excluded from labour force. (2 Marks) ANSWER i): ii. Calculate the Woodland Republic's unemployment rate in 2021. (2 Marks) ANSWER ii)