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Suppose theHappy landBureau of Statistics indicated that the Consumer Price Index (CPI)increased102.2in 2017 to105.5 in 2018.Use this information to answer the following questions: (i)CalculateHappyland'sinflation rate

Suppose theHappy landBureau of Statistics indicated that the Consumer Price Index (CPI)increased102.2in 2017 to105.5 in 2018.Use this information to answer the following questions:

(i)CalculateHappyland'sinflation rate in 2018.

ANSWER:

(ii)Supposea firm borrowed money from a bank, examine the effect of inflation to the parties (firm and bank).

ANSWER:

b)Distinguish between structuralunemploymentand frictional unemployment. Examine themosthardtype of unemployment to address

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