Variable 2024 2023 Consumption spending $215b $210b Investment spending $170b $165b Government spending $110b $115b Net exports (= exports - imports) $13b $16b Employed persons 129m 130m Unemployed persons 13m 12m Working age population 172m 173m CPI 176.9 175.1 (a) Calculate the GDP growth rate, the unemployment rate and the inflation rate for this economy for 2024. (6 marks) (b) Given your calculations in Part (a), do you think this economy in 2024 is more likely to be in an expansion or a contraction? Briefly explain your answer. (2 marks) (c) Given your answer to Part (b), suggest some fiscal policy action(s) you might recommend the government undertake. Briefly explain your suggested action(s). (2 marks)