Suppose that in 2020 the nominal GDP in Imagineland was $420 billion and the GDP deflator was 1.20. If real GDP increased by 6% between 2020 and 2021, how much was real GDP in 2021 in Imagineland? Select one: a. $336 billion b. $348 billion c. $357 billion d. $371 billion e. $382 billionSuppose that in Workolia: Population = 200 million, Eligible Population = 160m, Labor Force Participation Rate = 75%, Number of Unemployed = 20m and the Natural Rate of Unemployment = 5%. How much cyclical unemployment is there in Workolia? Select one: a. 1.7% b. 7.5% c. 8.4% d. 9.4% e. 11.7%