What is the difference between the labor force participation rate and unemployment rate? Discuss the costs/consequences of a high level of unemployment in an economy? (Unemployment Unit 2) Why is some amount of frictional, structural and seasonal unemployment inevitable in any economy? (Unemployment Unit 4) Discuss some of the government measures that some economies have put in place to mitigate unemployment situation (provide where appropriate, Singapore's examples to tackles unemployment). (Unemployment Unit 6) Stated below is the CPI data extracted from the Monetary Authority of Singapore (MAS). (lnflation Unit 2) MAS Core Ination CPI _ YOY % Growth 2011 94.02 2.2 2012 96.42 2.5 2013 98.07 1.7 2014 100.00 1.9 2015 100.47 0.5 2016 101.38 0.9 201'? 102.85 1.5 2018 104.58 MAS Core Ination. Retrieved from: httpswww.mas.gousg[statistics Calculate the inflation rate in year 2018 (round up to 2 decimal places)