Table 1: Consider the following table that contains key macroeconomic data for Country G:

Economic Data		2019	2020
Working Age Population (WAP) (in millions)		43.33	42.97
Employed Persons (E )		27.5	26.2
Unemployed Persons (U)		1.1	1.45
Consumer Price Index (CPI)		118	115
Consumers Spending		$783	$700
Government Spending		$280	$320
Government Investment		$160	$195
Investment Spending		$175	$150
Export		$80	$70
Imports		$73	$75
Saving		$8	$7.3
Depreciation Expenses		$22	$16
Tax revenue		$580	$544
Transfer payments (TR)		$230	$260

a) Calculate the labour force participation rate (LFPR%) andthe unemployment rate (UR%) in 2019 and 2020. (4 marks)

b) List the Key Macroeconomic Indicators (only) and comment on their performance based on your calculation in Q3 and Q4a) to justify which phase the economy is in.

(3 marks)

c) What type of fiscal policy is the government undertaking? How will this fiscal policy affect the Aggregate Demandcomponentsand affect the AD, SAS and/or LAS curve of the AD/AS Model? (4 marks)

d) Given the current economic condition, what type of monetary policy is the Central Bank going to undertake? How does the policy transmit to the economy? (4 marks)