Suppose 100,000 people are in the labour force and the unemployment rate is 25%. As the economy moves into a recession and jobs decrease, 10000 of the unemployed workers become discouraged to search for jobs and exit the labour force. As a result, the unemployment rate becomes O a. 37.5%. cross out O b. 25.75%. cross out O C. 35%. cross out O d. 45%. cross out O e. None of the above cross outSuppose that in a closed economyr GDP is equal to 5000,1axes are equal to 1000, consumption is equal to 3000, and government expenditures are equal to 2000. What is private saving? Q a_ 1500 cross out O b_ 1000 cross out Q c. 500 cross out Q d. 0 cross out Q 9. -1000 cross out John took a job in 2001 at a salary of $10 000. By 2017, he has been promoted, with a salary of $50 000. If the price index in 2001 is 50, and the price index in 2017 is 180, what is John's 2017 salary in 2001 dollars? O a. $13 889 cross out O b. $18 000 cross out O c. $26 000 cross out O d. $36 000 cross outRefer to Table 1. Suppose that the basket of goods in the CPI consists of 3 units of beef and 4 units of rice. What is the inflation rate for 2013? Table 1 Year Price of beef Price of rice 2012 $20 $12 2013 $25 $18 O a. 21.33 percent cross out O b. 25 percent cross out O c. 28.89 percent cross out O d. 36.11 percent cross outIf Canada's GDP is higher than its GNP, then O a. Canadian workers working outside of Canada earn more income than foreigners working in Canada O b. Canadian workers working outside of Canada earn less income than foreigners working in Canada O c. Canadian workers working outside of Canada earn the same amount of income as foreigners working in Canada O d. Canada's net exports must be positive O e. Canada's net exports must be negative